The 5th edition of the Guide to Accounting and Finance for Media Publishing Companies by Peter Craig is now available for $39.95 plus shipping cost. To order please email cpa@baysherman.com and include your name, address, phone number and e-mail.

Previous editions of the Guide were focused on media companies that were dominated by print operations. Events, online activities and other operating revenues were treated as secondary.

The media publishing business has changed dramatically in the last few years both operationally and in terms of revenue contribution by major activity. In addition, the structure and organization of media publishing companies are in the process of transformation from silos of operations by product to organizations that operate around audience communities and fully integrated sales packages that service all form of media.

This edition of the Guide will cover both the fundamentals discussed in previous editions and how this transformation fits into that framework.

This Guide will give the reader the means to more effectively communicate the financial activities and financial condition of the media publishing business to its owners, managers, creditors and lenders. It will help accountants improve their understanding of the accounting dynamics of media publishing. It will assist publishers, buyers, sellers and investors in media publishing to understand the basics of media publishing valuation. And it will help media publishing companies deal with accounting and tax issues related to media publishing.

One of the goals of this Guide is to give media companies the tools to develop financial and operating information that clearly reflects the unique aspects of their business.

The Guide to Accounting and Finance for Media Publishing Companies will serve a broad range of interests:

 • For owner/managers – as a tool for better decision-making through a better under standing of financial reporting and
   enhanced reporting systems.
 • For the public accounting profession – as a practical tool for providing accounting and advisory services for clients    in the media publishing business.
 • For the accounting staff of a media publisher – as a manual.
 • For outside directors, investors, lenders and creditors of the media publishing business – as a reference book

The Guide to Accounting and Finance for Media Publishing Companies will present:
 • Key financial concepts unique to the media publishing business.
 • Financial statements that will best reflect the media publishing business.
 • Financial statements that are common to the media publishing industry today.
 • The important aspects of income taxes and income tax planning for media publishers.
 • How to organize management reports and operating budgets for a media publishing company.
 • How to better understand the real value of a media publishing operation.