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July 1, 2009 12:48 pm

The Biz Beat: The Hundred Years War


Shawn Hoffman

Why the Tribune still owns the Cubs.

I'll give Sam Zell of the Tribune Company this: the Cubs are just one of his many problems, and of all the mistakes he and the company have made, this repeatedly botched sale is actually one of the tamest. After all, compared to making a gigantic bet on the already-suffocating dead tree industry, losing a couple of hundred million dollars on a billion-dollar asset sale doesn't seem so bad.

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