Tribune: Review of Sale Proposals to Extend Into 2007

We are not going to know whether the Tribune Co. will sell the Cubs until at least sometime in the first quarter of 2007. "A 'strategic review' at Tribune Co. has 'generated strong interest from a number of parties,' the media company's chief executive said late Tuesday, reports MarketWatch. "William Osborn, Tribune's lead director and chairman of that special committee, added in the same release that the company is 'committed to a complete review process that will yield maximum value for all Tribune shareholders. We anticipate a final recommendation to the full board during the first quarter of 2007.'"