Tribune Buys Diamond-Studded Ball Player, L.A. Times Prepares for Layoffs

FBLA hopes that the long weekend will find the suitors for the Los Angeles Times recharged and ready to go, because Tribune Co. clearly needs some dollars and some sense. Jon Friedman, writing in MarketWatch, points out that the Cubbies are getting most of the company’s attention and millions. To wit:

On Monday, Tribune confirmed that it would pay free-agent slugger Alfonso Soriano $136 million over eight years. It’s spending more than $200 million total on many players this off-season, as well as hiring a new manager, veteran Lou Piniella.

Right. I hope the newsroom understands about this.

Elsewhere, Ron Burkle seems a little too easily distracted to run a newspaper. He’s shopping for real estate in Manhattan, with Donald Trump’s pimp, er, agent Paolo Zampolli.

I tried to buy Soho House for him but they wouldn’t sell, he says.

Eyes on the prize, folks, eyes on the prize.