San Francisco Examiner owner Philip Anschutz — a billionaire with interests in oil, railroads, real estate, sports franchises and movie theaters — has been ordered to pay $143.8 million after the U.S. Tax court ruled that he owes money on a complicated set of transactions designed to avoid taxes. Bloomberg and the Denver Business Journal have details. Anschutz’s spokesman says he will appeal.

Bay Area Media News

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>