SBD/10/Franchises

MCCLATCHY BID FOR PIRATES MAY COME WITHIN A WEEK

     Newspaper heir Kevin McClatchy spent several days last week
reviewing the Pirates' books and may make a preliminary bid for
the Pirates within a week, the Associated Press reports.  The bid
would reportedly be similar to an $85.15M bid made by Adelphia
Communications Chair John Rigas earlier this year.  McClatchy's
group's bid includes $30M from Liberty Media, owners of Pirate
broadcaster KBL-Empire, as a down payment for Pirates TV rights
for the next ten years (AP/Minneapolis STAR-TRIBUNE, 7/10).
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