According to a report by the New York Post, the Bon-Ton Stores are the latest plaintiff to file suit against major US media conglomerates, alleging a massive conspiracy to drive up the price of local television advertising.
The suit by Bon-Ton Stores, filed in the federal court in the Northern District of Illinois, claims the retailer spent more than US$89 million in local ads over the past four years.
“Through their price-fixing scheme, Tribune, Sinclair and their co-conspirators have monopolized the airwaves and extorted millions of dollars from businesses like Bon-Ton,” said Bon-Ton outside lawyer Adam Levitt, who works for DiCello Levitt & Casey.
The complaint comes as the Department of Justice’s Antitrust Division is actively investigating the defendants’ conduct after its recent review of the now-defunct merger between Sinclair and Tribune.
Full Content: New York Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI