Cox Media Group LLC, Fox Corp and CBS Corp have agreed to pay a combined $48 million to resolve civil antitrust claims in U.S. Court that accuse them of a conspiracy to artificially fix the prices of spot advertising on broadcast television.
Plaintiffs said terms include cooperation against other broadcastersand CBS Corp have agreed to pay a combined $48 million to resolve civil antitrust claims in U.S. Court that accuse them of a conspiracy to artificially fix the prices of spot advertising on broadcast television.
, will pay $5 million, the court filing showed. Both companies reached deals in late 2021, but the terms were not immediately revealed then. Other defendants in the litigation include Sinclair Broadcasting Group Inc, The E.W. Scripps Company and TEGNA Inc. Representatives from those defendants either declined to comment on the pending litigation or did not immediately respond to messages seeking comment.The plaintiffs assert the broadcaster and advertising sales defendants secretly schemed to fix prices and exchange sales data. In 2018, the U.S.
Plaintiffs' attorney Megan Jones at law firm Hausfeld, on Tuesday did not immediately respond to a message seeking comment.
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