Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-Cross

GOLDBERG, Circuit Judge:

This is a tax case raising three complex and unrelated issues, none of which admits of facile solution. Taxpayer, the Houston Chronicle Publishing Company, is a Texas corporation that publishes The Houston Chronicle, a major daily newspaper. From 1963 to 1966 taxpayer engaged in the series of actions to expand its facilities and operations that gave rise to the tax questions now before us. Simply stated, those issues are:(1) Under the Internal Revenue Code of 1954, may a newspaper publisher ever amortize costs incurred in acquiring subscription lists, and if so, has…