Cubs Ownership Group Purchases Remaining Five Percent of Team from Tribune Media
Tribune Media Company (NYSE: TRCO) and the Chicago Cubs announced on Friday that Chicago Entertainment Ventures, LLC, the Cubs’ parent company, has completed the purchase of Tribune’s remaining five percent membership interests in Chicago Entertainment Ventures, LLC. The transaction occurred pursuant to the exercise of a purchase right under the parties’ agreements and concludes Tribune’s ownership interest in the Cubs and their affiliates.