Tribune's Big Tax Refund Check Practically In The Mail

TRIBUNE'S BIG TAX REFUND CHECK PRACTICALLY IN THE MAIL
[SOURCE: Editor&Publisher]
The Tribune Company is expecting a $290 million tax refund from Uncle Sam. When Tribune acquired Times Mirror in 2000, it inherited a tax dispute involving Times Mirrow trying to structure the sale of a publishing subsidiary as a tax-free "reorganization." The Joint Committee on Taxation has told the Justice Department that "it has no adverse criticism regarding the settlement" and the Justice Department has initiated the formal refund process with the IRS.
http://www.editorandpublisher.com/eandp/departments/business/article_dis...
* Tribune moves closer to getting tax refund
http://www.chicagotribune.com/business/chi-070918tribtax,0,7904503.story...