The Chicago Cubs announced today that they will be launching a new regional sports network, starting in 2020. For the new venture, called the Marquee Sports Network, Ricketts family with the true pearl of a broadcast company: Sinclair. Yes, that Sinclair.
Not much is known about how much Marquee is worth, but this initiative "better serve [Cubs] fans" will eventually perform games from over-the-air networks and place them in a channel that will cost a monthly payment or be paid for a cable bill. All about broadcast rights fees.
Patriarch Joe Ricketts, our billionaire billionaire who wants to forward racist email and money to buy the team in 2009, should be thrilled. He can see all his interests in one place.
H / t to Dan