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Monday, April 02, 2007

Chicago Tribune Sold, Cubs Are Next

Zell wins Tribune auction; Cubs to be sold

April 2, 2007, 7:57 AM CDT

Chicago billionaire Sam Zell has won the auction for Tribune Co.

Terms are expected to be disclosed later this morning.

At the same time, Tribune said it plans to sell the Chicago Cubs after the 2007 baseball season.