Media

MEDIA

We help newspaper and broadcast media companies resolve asset over-valuation issues caused by digital disruption and excess capacity.

Navigating Change in the Media Industry

The media industry experienced significant disruption over the past decade as new media (digital) has driven a decline in consumption of traditional print and broadcast media. Generational factors such as the rise in population of Millennials has contributed to technological obsolescence for many non-digital media businesses.

We help companies in the media sector navigate these changes and the impact on their complex industrial property taxes.

Complex Property Tax Expertise: Newspapers

Sectors hit hardest include “old economy” businesses such as newspapers where shrinking circulation and advertising revenues have results in hundreds going out of business and hundreds more hoping to survive.

While many are reinventing their business models to accommodate the digital disruption, this has caused a permanent erosion of the market value of their manufacturing capital assets such as presses, mailroom equipment, and printing plants.

Analysis CTA

Machinery

Client Examples

Client examples include helping media holding companies identify opportunities for appealing tax assessments on their newspaper businesses to improve cash flow and balance sheet performance.

This typically includes Fair Market Value analysis, assessment negotiation and successful appeals based on quantifiable functional and economic obsolescence support by market data.

We Apply

We apply our specialized knowledge of the media industry to successfully help our newspaper and broadcast (radio/TV) clients identify and appeal over-valuation of their printing and media assets -- resulting in millions of dollars of industrial property tax savings.

Let us do the same for your business.

Resulting in Millions of Dollars of Industrial Property Tax Savings

Success Stories

ValPak

Val Pak

$1.5M
ANNUAL
SAVINGS
TAX SAVINGS OF 77%
Industry Association
MEDIA
Industry Association
MEDIA
  • Economic and functional obsolescence quantified through excess capital and operating costs
  • Multi-year appeal of assessed value for their equipment based on a replacement versus reproduction cost model.

Ft. Worth Star Telegram

Ft. Worth Star Telegram

$355K
ANNUAL
SAVINGS
TAX SAVINGS OF 77%
Industry Association
MEDIA
Industry Association
MEDIA
  • Our tax reviews yielded a 77% reduction in taxable value based on our extensive database of newspaper equipment sales, supplemented by our comprehensive fixed asset valuation analysis incorporating replacement cost, functional obsolescence, and economic obsolescence.

Fujitsu

Fuj Dark

$2M
ANNUAL
SAVINGS
TAX SAVINGS OF 50%
Industry Association
MANUFACTURING
Industry Association
MANUFACTURING
  • An IPTS client since 1998.
  • Savings earned through inventory exemptions, a non-taxable intangible asset study, and comprehensive economic obsolesence  analysis.

What Clients Say

Quotes

I have worked with John and the rest of the Industrial Property Tax Solutions team the last three years. They are highly capable tax professionals who possess a wonderful combination of tax technical skills and people skills, which are both necessary to navigate the pitfalls of state and local property taxes. With their assistance, we have lowered our annual property taxes.

- Scott Dant, Director of Tax -

American Commercial Barge Line LLC

What Clients Say

Quotes

I worked with IPTS' John Woolard, during my 17 year tender at Odfjell Houston. John had a sound understanding of our business which enabled him to apply innovative ideas, that were later used during our HCAD mediation process. As a direct result of his field work and experience, we were able to reduce our out-of-line HCAD property tax values from $60M to $38M culminating in major tax savings. John maintained strong working relationships with HCAD tax appraisers and he continuously sought ways to reduce our tax values. He gets results.

- Albert M. Noggle, Retired CFO and Interim President -

Odfjell Holdings US Inc

What Clients Say

Quotes

I’ve had the pleasure of working with John over the past 7 years. During this time he has shown me to be reliable, responsive and reasonable in his approach. Overall, he has served as a solid partner and has been instrumental in reducing our property taxes.

- Craig Wohlfort, Controller -

Austin American-Statesman

What Clients Say

Quotes

I have been worked with IPTS for three years. They are efficient and timely in the services that they provide for HID, and a great source of reference on Texas property tax issues. They keep us apprised of emerging tax related concerns in Austin.

- Teresa Wagner - Assistant Controller -

HID North America