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Tribune Company opts for Chapter 11, but Cubs reportedly unaffected
2008-12-08 11:03
by Bob Timmermann

The Tribune Company filed for Chapter 11 bankruptcy protection today according to an AP report.

However, the Chicago Cubs, which are owned by the Tribune Company, are not affected by the filing.

In a press release, the company said "The Chicago Cubs franchise, including Wrigley Field, is not included in the Chapter 11 filing. Efforts to monetize the Cubs and its related assets will continue."

Comments
2008-12-08 15:21:50
1.   Zak
Imagine that you are five years old and your parents give you $10 to open a lemonade stand. Now imagine if your parents are broke. The lemonade stand will have to be sold and it would be difficult to buy any chairs or copiers until the sale.

- Michael Scott

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