Five TV station owners agreed to settle after the Justice Department alleged they shared local advertising information among themselves
A group of five television station owners on Monday agreed to settle Justice Department charges that they used third-party firms to illegally coordinate on sales of local advertising spots.
CBS Corp., Cox Enterprises Inc., E.W. Scripps Co., Fox Corp., and Tegna Inc. all agreed to consent decrees barring them from sharing certain competitively sensitive information for the next seven years, according to court documents filed Monday. In addition, each company is required to adopt rigorous antitrust compliance and reporting measures.
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