Wrigley Field plan is rejected

Tribune Co. has rejected a plan by the state of Illinois to buy Wrigley Field, home of the Chicago Cubs, and instead will work on selling the baseball team together with the historic ballpark.

Cubs Chairman Crane Kenney did not shut the door on a new agreement with the state, but at the same time the media company, which also owns the Los Angeles Times, will begin exploring potential buyer interest in the Cubs, Wrigley and Tribune’s stake in Comcast SportsNet. Analysts have said the assets could fetch more than $1 billion.