http://www.daylife.com/image/0ath4Fza1T9AFBloomberg.com: Exclusive: "Tribune, the Chicago-based media company bought by billionaire investor Zell last year, needs to sell the Chicago Cubs baseball team and improve revenue to avoid breaching its covenants, said Mike Simonton, an analyst at Fitch Ratings in Chicago. Tribune has $12.5 billion of debt and its loans were quoted as low as 37.5 cents on the dollar yesterday, according to S&P. Gary Weitman, a Tribune spokesman, declined to comment.``We're cautious of how the negotiations would go with lenders if they needed to get an amendment or waiver from the banks,'' Simonton said."
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