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Private-equity firm Centerbridge Capital Partners LP has purchased Rock Bottom Restaurants Inc., the owner of Old Chicago and Rock Bottom, as well as Gordon Biersch Brewery Restaurant Group Inc., the owner of the Gordon Biersch chain.
Bob Nutting started in the newspaper business as a reporter, advanced to president and CEO of a newspaper chain, and, these days receives checks with a lot more commas than almost any of us will see in our lifetimes. Nutting now owns the Pittsburgh Pirates, and as daunting as the struggling newspaper business can be, just imagine being in his shoes.