Cubs sale may be helped by bankruptcy

Updated: December 9, 2008, 6:05 PM ET
Associated Press

NEW YORK -- By keeping the storied Chicago Cubs baseball team and Wrigley Field out of its bankruptcy filing, Tribune Co. gains the freedom to run the team without having to constantly consult with a judge -- and to continue soliciting bids for the Cubs and the stadium that could net $1 billion.

A sale outside of the bankruptcy process could help Tribune reap a higher price for the Cubs and ivy-walled Wrigley, analysts said, which could ultimately benefit the creditors who were put on hold ...

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