News Corp.'s Fox Group announced that it has an agreement in principle to buy the Los Angeles Dodgers Major League Baseball team. Terms of the deal were not disclosed, though previous reports have said the price under discussion was well in excess of several hundred million dollars. MLB's owners' membership committee must now approve the deal. Fox Broadcasting, a unit of Fox Group, currently is a licensee for telecasting Major League Baseball games.
Copyright September 1997, Crain Communications Inc.