Deloitte & Touche LLP Change in Accounting Principle Preferability Letter to Pulitzer Inc.
Summary
Deloitte & Touche LLP provided this letter to Pulitzer Inc. confirming that, based on information provided by the company, the change in newsprint inventory valuation from the last-in, first-out (LIFO) method to the first-in, first-out (FIFO) method is preferable under the circumstances. Deloitte & Touche clarifies that they have not audited any financial statements of Pulitzer Inc. after December 30, 2001, and therefore do not express an opinion on the company's financial position or results after that date.
EX-10.42 3 c69577ex10-42.txt DELOITTE & TOUCHE LLP CHANGE PREFERABILITY LETTER EXHIBIT 10.42 May 8, 2002 Pulitzer Inc. 900 North Tucker Blvd. St. Louis, MO 63101 Dear Sirs/Madams: At your request, we have read the description included in your Quarterly Report on Form 10-Q to the Securities and Exchange Commission for the quarter ended March 31, 2002, of the facts relating to the Company's change in its newsprint inventory valuation practice from the last-in, first-out method to the first-in, first-out method. We believe, on the basis of the facts so set forth and other information furnished to us by appropriate officials of the Company, that the accounting change described in your Form 10-Q is to an alternative accounting principle that is preferable under the circumstances. We have not audited any consolidated financial statements of Pulitzer Inc. and its consolidated subsidiaries as of any date or for any period subsequent to December 30, 2001. Therefore, we are unable to express, and we do not express, an opinion on the facts set forth in the above-mentioned Form 10-Q on the related information furnished to us by officials of the Company, or on the financial position, results of operations, or cash flows of Pulitzer Inc. and its consolidated subsidiaries as of any date or for any period subsequent to December 30, 2001. Yours truly, /s/ Deloitte & Touche LLP
