Will Cubs Be Destitute, Eating From Dumpsters In 2009?

With the Wall Street Journal reporting that the Tribune Company has hired bankruptcy advisers, Chicago Cubs fans are preparing for the worst (as if they ever prepare for the best). Will the team, which is owned by the Tribune, be able to afford Jake Peavy? Will a reputable buyer ever come forward? Will they have to take a bus to all away games? Surprisingly, the answers to these questions appear to be yes, probably and no. Tribune Co. is looking into possible bankruptcy-court protection, according to the Wall Street Journal, to try and come to grips with the nearly $13 billion of debt it has incurred since owner Sam Zell brought the company public last year. Not swell news for Tribune Co. properties such as the Chicago Tribune, Los Angeles Times and more than two dozen radio and TV stat…