Pre-Publication Costs definition
Pre-Publication Costs means the costs incurred by Parent and its Subsidiaries (as determined in accordance with GAAP) associated with the development of new products, including without limitation, author fees under work-for-hire agreements (excluding royalties), the costs associated with artwork, photography and master tapes, other external creative costs, internal editorial staff costs and pre-press costs that are directly attributable to such products, which have been capitalized in accordance with GAAP and reflected as an asset in the consolidation balance sheet of Parent and its Subsidiaries.