The bankrupt Tribune Co. has finally reached a deal to sell the Chicago Cubs, reportedly for close to $900 million. Only, ah, $11 billion more until Sam Zell has that debt knocked out! [Pic: AP]

• The bleak outlook for network news is getting bleaker: Both the CBS Evening News and ABC's World News suffered all-time ratings lows last week. [HuffPo]
• CBS chief Les Moonves's compensation was slashed by 76 percent last year. He still earned $13.6 million, though, so don't feel too bad for him. [Crain's]
• Depressing: Monday's breakup episode of TLC's Jon & Kate Plus 8 was the most-watched episode of the show ever with 10.6 million viewers. [THR]
• MySpace is closing four of its international offices and cutting two-thirds of its staff abroad advertising falls and Facebook and Twitter take over. [NYT]
• A woman in Massachusetts has filed a lawsuit against Elisabeth Hasselbeck for allegedly ripping off her self-published book on celiac disease. [BH]
• Bravo honcho Andy Cohen is going to be hosting a live show once a week called Watch What Happens. You can watch what happens on July 16. [LAT]

The New York Times Co. is selling its building! The Tribune Co. is selling its baseball team! Anything else you would like to buy from a newspaper company? Just make them an offer!

Tech billionaire, anger-driven blogger, and owner of the Dallas Mavericks Mark Cuban has just been charged with insider trading by the SEC. The (civil, not criminal) charges center on an incident in 2004 in which Cuban allegedly got early insider information about a company he had an ownership stake in, and used that info to avoid a loss of $750,000. We have no idea whether the charges are true, but if they are, it's a foolish business move by a guy who's already been fined more than twice that much by the NBA just for running his mouth. Though it is possible to formulate a wild conspiracy theory about this! Mark Cuban would be just another rich guy except for his penchant for saying whatever pops into his head. He constantly criticizes the NBA, which is a no-no by owners. The flipside is he gets great PR. Although half of it is bad! Oh well. He also has a blog that is sometimes hilarious and not well thought out a bit. At the moment, Cuban wants to buy the Chicago Cubs from Tribune Co., which needs to sell the storied baseball franchise to raise cash, which it will burn in a vain attempt to save its newspapers. The idea of Cuban—a maverick—owning the Cubs absolutely kills traditionalists, who think he would totally ruin all the great Chicago traditions, such as having ivy on the outfield walls and losing constantly. So is it possible that there was some shady conspiracy that caused this allegation from 2004 to surface just in time to (likely) torpedo any chance Cuban has of buying the Cubs? You would have to be a crazy conspiracy freak to believe this, for which there is no evidence whatsoever, so please don't sue us.

Mark Cuban, the boisterous fellow who sold Broadcast.com to Yahoo for $5.7 billion in 1998 and later bought the NBA's Dallas Mavericks, now wants to own the Chicago Cubs. He's submitted a bid which the the Chicago Tribune reports has made it through a first round of eliminations. Don't get your hopes up, Mark: Former Deadspin editor Will Leitch wrote here in January that he'll never get the Cubs, or any other baseball team, because he's far too nuevo rico for the stuffy Major League Baseball owners' club.