Romenesko

Newsday
Sam Zell is reportedly structuring a possible sale of Newsday in a way that could save him hundreds of millions of dollars in capital gains taxes, reports Ellen Yan. She says the idea of a non-cash asset swap has been swirling about talks with suitors for Newsday, including Rupert Murdoch and Mort Zuckerman. In structuring any type of deal to avoid more financial liabilities, Zell may be able to save upward of $175 million on the capital gains tax and possibly more than $245 million.