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Understanding Broadcast and Cable Finance, 2nd Edition by Alan Batten, Walter McDowell, Broadcast Cable Financial Broadcast Cable Financial Mana

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13 Trade and Barter Transactions and Related Accounting

Laura Daigle and John Kampfe

When broadcasting was young, operators would frequently make a very nice living without taking in much money. They would trade advertising time for cars, homes, autos, vacations, and food. The Internal Revenue Service (IRS) took a dim view of trade-outs, and, with the backing of the Federal Communications Commission (FCC), a rigorous standard was established. In this chapter, Laura Daigle, Operations Specialist for Clear Channel Communications, and John Kampfe,1 CFO of Turner Broadcasting System, tell us all we need to know to use trade and barter transactions wisely and legally.

Introduction

The purpose of this chapter is to (a) define trade and barter revenue ...

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