Accounting for losses: The great Detroit newspaper war |
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| Authors: | John E Kwoka Jr |
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| Institution: | 1. Professor in the Department of Economics , George Washington University , Washington, D.C., 20052;2. Special assistant to the director, Common Carrier Bureau , Federal Communications Commission |
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| Abstract: | This article discusses different accounting treatments of investment expenditures as evidence of financial losses that justify a finding that a newspaper is failing under the Newspaper Preservation Act. It then analyzes the accounting practices used by the Detroit Free Press to show operating losses and the implications of those practices to public policy decisions. |
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