12 bidders approached by MLB regarding Cubs' purchase--Reuters

NEW YORK (Reuters) - "Tribune Co could start shopping the Chicago Cubs baseball team in as little as 10 days, but has not decided if it should unload the Newsday daily newspaper, Chief Executive Sam Zell said on Thursday....

• Selling the Cubs has been part of Tribune's plan all along, but the process slowed because of complications surrounding Zell's desire to sell the team separately from Wrigley Field.

• More than 12 bidders have been approached by Major League Baseball to view the financial documents when they are released, but sources previously told Reuters this would not happen until talks about selling Wrigley Field to the Illinois Sports Facilities Authority are resolved....

From Reuters article by Robert MacMillan, "Tribune Readies Cubs Process, Holds on Newsday," 4/17/08

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