This News Just In From Chicago...

Bidding for Chicago Cubs may be near a conclusion
Tribune Co., owner of the Chicago Cubs, is close to selecting a winning bid for the team from three finalists, according to people familiar with the sales talks.

NYSE Officially De-lists Certain Tribune Co. Debt
The New York Stock Exchange followed up on its stop-trading order last month, officially notifying the Securities and Exchange Commission Tuesday that it has delisted some of Tribune Co.’s publicly traded debt.

Tribune default swaps may recover in 3.5 pct area
Sellers of protection on bankrupt Tribune Co's bonds are facing losses in the area of 96.5 percent of the insurance they sold, based on the initial results of an auction on Tuesday published by auction administrators Creditex and Markit.

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Tribune CDS recover 1.5 percent in auction
Sellers of protection on Tribune Co's bonds are facing losses of 98.5 percent of the insurance they sold, based on the results of an auction on Tuesday to determine the value of the bankrupt company's credit default swaps.The auction determined swaps on Tribune's bonds are worth 1.5 cents on the dollar, said auction administrators Creditex and Markit. Sphere: Related Content