Braves to be Sold

WSFA - Atlanta Braves To Be Sold

Time Warner finalized an agreement Monday to sell the Atlanta Braves to Liberty Media after more than a year of negotiations.

[. . .]

Under the agreement, Terry McGuirk will remain in charge of the team after the sale. General manager John Schuerholz and manager Bobby Cox also are expected to remain.

The Wall Street Journal reported on its Web site that the deal would involve Time Warner transferring the Braves, a group of craft magazines and one billion dollars in cash to Liberty in exchange for about 60 million Time Warner shares now owned by Liberty.

Hum, the Braves and craft magazines, what an interesting combination.