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US: News Corp agrees to $280 mn settlement in antitrust case

 |  March 2, 2016

Media group News Corp agreed to pay $280 million on Monday to settle accusations brought by consumer packaged goods companies that it has a monopoly on in-store advertising in the US.

The settlement ended a trial in the class action lawsuit that began the same day in a New York courtroom.

News America Marketing, a News Corp subsidiary, has faced accusations since 2012 from companies such as Dial Corp and Kraft Foods — now Kraft Heinz — that it abused its dominant position for in-store advertising that includes coupon dispensers and electronic signs.

In a statement, News Corp said News America Marketing has “consistently denied any wrongdoing in this case,” which involves allegations that date back to 1997.

Full Content: DNA India

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