Tribune Wins Speedy Hearing For $845M Cubs Sale

Law360, New York (August 26, 2009, 5:23 PM EDT) -- A bankruptcy judge has agreed to consider on an expedited basis Tribune Co.'s proposed $845 million deal to sell off the bulk of the Chicago Cubs baseball franchise to Ricketts Acquisition LLC.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware on Monday set a hearing on the sale of Chicago National League Ball Club LLC for Aug. 31.

Tribune announced Friday that it had signed a definitive agreement with the Ricketts family — a family of financial entrepreneurs led by...
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