Daily Archives: November 23, 2008

Arizona Republic sells its stake in Diamondbacks

Arizona Republic, downtown Phoenix (Matt York, AP)

[Source: Craig Harris, Arizona Republic] — Phoenix Newspapers Inc., one of the original investors to bring major-league baseball to the Valley in 1998, has sold its minority stake in the Arizona Diamondbacks to the team.  The deal closed within the past two weeks, according to both sides.  Financial terms were not disclosed.  Phoenix Newspapers, parent company of The Arizona Republic, was part of an ownership group of businesses and individuals that sports executive Jerry Colangelo formed in the mid-1990s to start the franchise.

“The times are much different,” said John Zidich, president and publisher of The Arizona Republic.  “It’s not part of what we do as a business, and it made sense to sell it back to the Diamondbacks.”  [Note: To read the full article, click here.]

RadiatePhx to meet at new downtown Phoenix Sheraton, Nov. 25

radiatephxRadiatePhx is a non-traditional networking group that meets once a month to support smart growth in our emerging city. It is intended to be an informal and fun forum for connecting people, ideas, and vision. This month the group will gather in the District Lounge in the new Sheraton Phoenix Downtown and welcome Brady Lamar, the Sheraton’s Director of Food & Beverage, and Chef Nathan Crouser, District’s Chef de Cuisine.  They will share their vision, including their focus on local food.

The evening’s featured menu items include Cheeseburger Sliders & Sweet Po’ Boy Shrimp Sliders.  The featured beverage will their White Peach Sangria.   If you have not yet seen the Sheraton’s beautiful interior or tasted their delectable menu, then plan to attend:

  • Date: Tuesday, November 25
  • Time: 5:30 – 7:30 p.m.
  • Place: Sheraton Phoenix Downtown, District Lounge
  • RSVP here