Justice Department Reaches Settlement with Five Additional Broadcast Television Companies, Including One National Sales Representative Firm, In Ongoing Information Sharing Investigation
Proposed Settlement Preserves Competition in Broadcast Television Advertising Markets by Requiring Defendants to Terminate and Refrain from Sharing Revenue Pacing Information and Other Competitively Sensitive Information
The Department of Justice announced today that it has reached settlements with CBS Corporation (CBS), Cox Enterprises Inc. (Cox), The E.W. Scripps Company (Scripps), Fox Corporation (Fox), and TEGNA Inc. (TEGNA) to resolve a Department lawsuit brought as part of its ongoing investigation into exchanges of competitively sensitive information in the broadcast television industry.
All five companies are alleged to have engaged in unlawful information sharing among their owned broadcast television stations. Cox also owns Cox Reps, one of two large “Rep Firms” in the industry that assist broadcast stations in sales to national advertisers. The Rep Firms are alleged to have participated in the unlawful information sharing conduct.