*** Warning! Warning! Danger Will Robinson! Accounting lingo ahead! ***
So I was reading the settlement terms between Esquire and WFB when I found this:
1. Payments by Hearst. Within 15 days of the execution of this Settlement Agreement by Mr. Buckley, Hearst will pay the sum of $55,000 to Mr. Buckley's counsel, Windels Marx Lane & Mittendorf, and will pay the sum of $10,000 to Mr. Buckley.
My first thought was, "Buckley's going to pay more in taxes than he's getting from the settlement."
I won't bore you with the details of why this is so, but trust me, it's messy.