CHICAGO
02/22/2009 05:12 am ET Updated May 25, 2011

Cubs Zero In On New Owner

Tribune Co. executives have chosen a favorite among three bids for the Chicago Cubs and have given that recommendation to the unsecured creditors committee in the company's bankruptcy case, a source close to the situation said Wednesday.

Tribune Co. and its investment banker, JPMorgan Chase & Co., removed the names from the bids, referring to them by number. The committee will review the offers and other Tribune Co.-related business at a regularly scheduled meeting Thursday.

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