Guggenheim May Lose $1B In Cable Deal

A unit formed by Wall Street powerhouse Guggenheim Partners is about to be hit with a $1 billion beanball. The new owners of the L.A. Dodgers are being forced to rework their pending $7 billion, 25-year media rights deal with Time Warner Cable, three sources close to the situation say. The new deal could end up seeing the unit, Guggenheim Baseball Management, fork over $130 million a year to Major League Baseball under its revenue-sharing agreement, these sources say.

Deal Near For Dick Clark Productions

Private-equity firm Guggenheim Partners has entered exclusive negotiations to acquire the storied producer of the Golden Globe Awards.