Newspaper publisher Caxton has been fined 5.8 million South African rand (US$498,900) and the Independent Group ZAR2.2 million (US$189,200) for colluding on the prices they charged to advertisers‚ the South African Competition Commission said on Friday, February 16.
In addition to the fines for price-fixing‚ the media companies have agreed to contribute to black economic empowerment development funds and to offer advantageous deals to small‚ black-owned advertising agencies.
These fines were delivered after Naspers’s pay-TV subsidiary DStv was given a ZAR 22.3 million (US$1.9 million) fine.
“The matter relates to a November 2011 investigation which found that‚ through the Media Credit Co-ordinators (MCC)‚ various media companies agreed to offer similar discounts and payment terms to advertising agencies that place advertisements with MCC members‚” the Commission’s statement said.
The Commission found MCC-accredited agencies were offered a 16.5% discount‚ while non-members were offered 15%.
Full Content: The Times Live
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon