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.
Other than Dean Singleton, this couldn't have happened to a nicer guy.