BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Tribune Expects To Finalize Chicago Cubs Sale In Early '08

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.

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