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The newspaper publisher controlled by Sam Zell reported a firstquarter profit of $1.82 billion because of a change in the company’s tax status.
Results included a tax gain of $1.86 billion, the Chicago-based company said.
The owner of the Los Angeles Times and Superstation WGN had a loss before taxes of $30 million, compared with a profit of $31 million a year earlier. Sales fell 8 percent to $1.1 billion.
