Cubs Sale Expected To Top $1B, Decision Expected By October

Tribune Co.'s sale of the Cubs has “attracted credible interest from about 15 parties, and a deal for the baseball team and other assets is expected to top $1[B],” according to a source cited by Megan Davies of REUTERS.  The first round of bids are “likely due” after Labor Day, with a “winner expected to be picked in October.”  The three assets being sold -- the Cubs, Wrigley Field and an interest in Comcast SportsNet Chicago -- "could be sold as one package or split up" (REUTERS, 7/23).