FishbowlNY FishbowlDC TVNewser TVSpy SocialTimes LostRemote MediaJobsDaily more GalleyCat AppNewser UnBeige AgencySpy PRNewser 10,000 Words AllFacebook AllTwitter semanticweb.com
Zell Watch

Sam Zell: Crafty, Thrifty

By Greg on April 16, 2008 12:37 PM

samsssss_zell.jpgPer Newsday:

Sam Zell, currently $12.8 billion in debt with the Tribune Co., is reportedly structuring a possible sale of Newsday in a way that could save him hundreds of millions of dollars in capital gains taxes.

The idea of a non-cash asset swap has been swirling about talks with suitors for Newsday, including News Corp. chief and New York Post owner Rupert Murdoch and New York Daily News owner Mort Zuckerman.

Any deal could potentially save the media mogul between $175 million and $245 million in capital gains tax. Or as Zell calls it, pussy money.

RELATED:

Tags: , , ,
Comments
Share
Mediabistro Event

Save with our Early Bird Rates

Job Search IntensiveSave $60 on our Job Search Intensive, an interactive online event starting June 11, 2013. Find the direction you need for your job search. Each week, we’ll feature career experts, recruiters, and HR professionals who will discuss how to get noticed by recruiters, interviewing tips, and how to create a stellar resume. Sign up soon while our early rates last. Register now.