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
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI