A federal judge in New York on Wednesday tossed out DirecTV’s price-fixing case against three TV station owners – including Nexstar Media Group – on the basis that the satellite TV provider lacked antitrust standing to wage the court battle. DirecTV “has failed to show that it suffered ‘a special kind of antitrust injury,’ and therefore lacks antitrust standing to bring this suit,” U.S. District Judge P. Kevin Castel said in a 17-page opinion.
CBS, Cox and Fox have agreed to pay a total of $48 million to end claims in Illinois federal court that they participated in a scheme among major U.S. broadcasters to artificially inflate television advertising prices.
The defunct retailer has filed a class-action lawsuit alleging that Sinclair Broadcast Group, Tribune Media and other big owners of local TV stations conspired to jack up the prices of local commercials, violating federal antirust laws.
SEOUL, South Korea (AP) — South Korea’s LG Display said Thursday it may appeal on procedural grounds a massive European Union fine for price fixing even as it acknowledged it […]
