PwC Says ‘No Thanks’ to Paxson: Big Four firm PricewaterhouseCoopers has declined to stand for re-election as the auditor to Paxson Communications Corp., which named Big Four competitor Ernst & Young as it new independent accountant. Paxson requested proposals from Big Four accounting firms several months ago to decide which firm should audit the company’s books for 2003.
PricewaterhouseCoopers informed Paxson on April 4 that it wouldn’t stand for re-election, according to a Securities and Exchange Commission filing. The filing did not give a reason for PwC declining to bid for the business.
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