The bigger issue at hand, beside the ownership issues, is the Dodgers' local television rights, which according to the Los Angeles Times in recent articles, could fetch at least $1 billion over several seasons. Currently, there's a legal provision in the team's current TV contract with Fox Sports (Net) that if the Dodgers were to leave Fox, they couldn't launch their own network with a competiting company (namely Time Warner Cable, Comcast, and ESPN). The Dodgers' TV rights with Fox and KCAL-TV expire after the 2013 season. Ironically, Time Warner Cable, who is a marketing partner with the Dodgers and has a Dodgers-on-demand channel on their area systems, is one of the potential buyers although they haven't officially put their name in the bids.
As some of you may already know, TWC is launching two regional sports networks here in Southern California (one each in English and Spanish) that will start-up beginning autumn of this year, featuring the Lakers and Major League Soccer's Galaxy as the centerpieces of programming. Based on the existing partnership between TWC and the Dodgers, I believe it's more of a natural fit that the Dodgers will end up with TWC.
On a side-note, but somewhat related, the Angels and Fox Sports recently signed a long-term broadcast deal last month, reportedly $3 billion over twenty years; it's very similar in dollars and years to what TWC and the Lakers signed almost a year ago in their broadcast agreement. Of course, the Angels used some of the new TV money to sign Albert Puljols to that mega-contract just weeks ago. With the Lakers and Galaxy departing Fox Sports West and Prime Ticket, and the Pac-12 Conference launching their own network next college football season (thus taking USC and UCLA sports with them), it only leaves the Clippers, Kings, Ducks, Angels, Chivas USA and smaller local college sports as their main broadcast properties. The Kings' contract is next up for negotation in a few years, as are the Clippers (whose ratings have vastly improved since the addition of Blake Griffin, and now Chris Paul)...Fox will probably pay a hefty price to keep them.