MONDAY, APRIL 30, 2007
Newsweek
Allan Sloan says the Tribune sale exploits a loophole so gaping that taxpayers can only pray that someone closes it quickly. "But it's not the Chandlers, the media magnates whose shenanigans I've tracked for 15 years, who are dodging taxes here," he writes. " It's
Sam Zell, the Chicago real-estate mogul who's buying control of Tribune." He's using a provision put into a 1996 minimum-wage-increase bill at the behest of the owner of a small Minnesota company who wanted to sell a stake to his workers via an employee stock-ownership plan.
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