If only a Tribune deal could have went down this smooth

Who said the newspaper industry was in the toilet? if it is then the folks at Courtside Acquisition Corp are idiots for dropping $165 Million on the deal. But you know what? We doubt it. Courtside, a specified purpose acquisition company, said it would pay up to $15 million more if the newspaper group's cash flow for 2008 ranges from $19 million to $21 million or above.In addition, Courtside said if its stock price exceeds $8.50 before July 7, 2009, American Community will receive an extra $10 million. Courtside to buy American Community Newspapers [Reuters]