American League owners have rejected Edward Gaylord’s...

American League owners have rejected Edward Gaylord’s attempt to buy the majority interest in the Texas Rangers.

Gaylord, of Oklahoma City, owns about one-third of the Rangers’ stock and wants to buy an additional 58%. Baseball owners reportedly have opposed Gaylord’s bid because they do not want another team owned by a broadcasting company. Gaylord is president of Oklahoma Publishing Co., the parent company of Gaylord Broadcasting Co., which includes Fort Worth’s KTVT-TV, the station that televises Ranger games.