Tribune Co. said Monday it plans to sell the Chicago Cubs at the end of the 2007 baseball season, putting one of its most valuable assets on the block as it simultaneously announced that real estate magnate Sam Zell was acquiring the media conglomerate. Analysts have estimated that the Cubs could fetch $600 million or more.
Posted: April 2nd, 2007.
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Tribune nixes deal to sell Wrigley to state (AP)
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Wrigley, Cubs in limbo as Tribune chief Zell seeks home-run deals (AP)
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Zell won’t hesitate to sell Wrigley Field naming rights (AP)
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Authorities say Tribune Co. probably will still own Cubs this season (AP)
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Crane Kenney says Tribune still studying naming rights (AP)
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