Philip Anschutz

(Newser) - Rupert Murdoch’s News Corp. is close to a deal to sell the Weekly Standard to billionaire media mogul Philip Anschutz, the Los Angeles Times reports. The conservative magazine boasts a modest circulation of 83,000, though Murdoch has long prized the cachet it granted him in Washington. But Murdoch...

(Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and...