from today's Crain's Chicago Business
Tribune expects Cubs sale in first half of '08
Dec. 12, 2007
"(Reuters) — Publisher and broadcaster Tribune Co. said on Wednesday it now expects to complete the sale of the Chicago Cubs baseball team, Wrigley Field and other assets in the first half of 2008.
Tribune put the Cubs up for sale in April with the aim of completing it by the end of this year but the process has taken longer than expected and a winner is still to be determined." ....
"The company plans to use the proceeds to pay down debt as it works to complete an $8.2-billion private buyout." ....
for the complete story see:
http://chicagobusiness.com/cgi-bin/news.pl?id=27420
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