SBD/6/Franchises

JACOR COMMUNICATIONS CEO EXPRESSES INTEREST IN BUYING REDS

          Jacor Communications CEO Randy Michaels said Tuesday
     night that his OH-based media conglomerate "is exploring the
     possibility of buying the Reds," according to Geoff Hobson
     of the CINCINNATI ENQUIRER.  Michaels: "We don't know what
     [Reds Owner Marge] Schott plans to do, but of course it
     interests us.  This is all in the preliminary stages but
     we're certainly looking at it."  Jacor owns 5% of the
     Rockies and would have to sell that stake before purchasing
     an interest in another club (CINCINNATI ENQUIRER, 5/6).   
          NOTES: The Cincinnati City Council "is poised today to
     approve" a $20M incentive package "to lure the Reds to the
     Broadway Commons ballpark site, despite hearing that the
     team and Hamilton County aren't even talking about the site"
     (Lucy May, CINCINNATI ENQUIRER, 5/6)....Columnist Bill Koch
     wrote an open letter to Schott asking her to sell the team:
     "Don't do it for them [other MLB owners].  Do it for
     yourself.  The organization is at a crossroads.  It needs
     new blood. ... It's a good time for you to cash in and let
     someone else deal with the headaches.  Sell your control of
     the partnership.  Keep a share as a limited partner if you
     prefer to keep your hand in it" (CINCINNATI POST, 5/5).

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