Real Money Radio: Times-A-Wastin'

Anyone who wants Tribune only wants the company's TV stations and the Chicago Cubs, Cramer said, adding he believes the real problem is figuring out what to do with the newspapers and whether they can be offloaded on rich people.

"The private equity guys will ditch the papers fast, bring TV public quickly and sell the Cubs for much more than Tribune would know how to," he said. "In the end, Tribune's lack of savvy, including its stupid, highly leveraged buyback, coupled with the shrewdness of the private equity guys, will allow Tribune to be sold."

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