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    • Thu Nov 8th 15:34 PM | Rating: 0 0
      Commented on:
      Tribune/Zell Deal in the Bag: No Longer 'If' - Just When?
      "Fourth, the tax angle actually acts as a safety valve against the banks from attempting to pressure Zell/ESOP into amending the financing agreement. As Martin may hold out to December 18 for 'political' reasons, the Tribune should have everything else in place to close the deal before year end."

      I am long TRB, but the recent developments are giving me jitters specifically due to the tax situation. They said it will take them 20 days AFTER the decision, which is Jan18, and by this time they will loose the tax benefit, which is substantial. How can you say tis does not matter? I agree that Zell has a long term perspective and understand Martin's game, but they def. are loosing this money just because of these politicians!!
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