Maximizing the Benefits of Tax Certificates in Broadcast and Cable Ventures
Krasnow, Erwin G., Kennard, William E. & Temkin, Susan O'Hearn
Abstract
Minority tax certificates have emerged as an important factor in transactions involving broadcast and cable properties. Since 1989, minority tax certificates have been issued in connection with the sale of broadcast stations and cable television systems totalling over $1 billion. This article explains the origin and use of tax certificates, from both the buyer's and seller's perspective.