T.C. Memo. 2000-244
UNITED STATES TAX COURT
NEWHOUSE BROADCASTING CORPORATION AND
SUBSIDIARIES, ET AL.,1 Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket Nos. 19448-97, 23753-97, Filed August 7, 2000.
24489-97, 6210-98.
P and R have both moved for partial summary
judgment on the issue of whether royalties payable by
an accrual basis publisher to authors based upon book
sales, less actual returns, are fully deductible in the
1 Cases of the following petitioners have been consolidated
herewith: Advance Publications, Inc. and Subsidiaries, docket
No. 23753-97; Cox Enterprises, Inc., and Subsidiaries, docket No.
24489-97; and Chronicle Publishing Co., Richard T. Thieriot, Tax
Matters Person, docket No. 6210-98. Such consolidation was made
because of a common issue of eligibility for transition
investment tax credit under cable television franchise
agreements. That issue was addressed on motions for partial
summary judgment in docket No. 19448-97. Petitioner in this case
is petitioner in docket No. 23753-97, and the issue involved is
unique to that petitioner.
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