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MORE ON TRIBUNE COMPANY'S BLOWN REORG

September 28, 2005

As we mentioned yesterday, the Tax Court has added $1.3 billion to the Tribune Company's 1999 taxable income by ruling that the sale of Matthew Bender by its Times-Mirror subsidiary did not qualify as a tax-free reorganization.

The case has gotten some big-media attention. The TaxProf has a roundup and links.

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