Tribune Wins OK For Cubs Sale Process, Notice

Law360, New York (August 31, 2009, 6:14 PM EDT) -- A bankruptcy judge has approved the sale process and notice to interested parties for 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, approved the process and notice Monday, and set a date of Sept. 24 for final approval of the sale. Objections to the sale must be received by Sept. 17, according to the order.

Tribune announced Aug. 20...
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