
Below, we have provided the full transcript of the panel discussion, Back to the Future: In Need of a New Antitrust Framework from the second episode of our series, Digital Advertising & Antitrust.

Pallavi GUNIGANTI:
Hi, I’m Pallavi Guniganti, an attorney at the US Federal Trade Commission, and I’ll be moderating this discussion today of digital advertising and antitrust. Just to apologize, we had some technical difficulties that are why we are beginning a little late, but we hope to still have our full hour of discussion with our very knowledgeable experts.
I am here in my personal capacity, and anything I say or do as moderator does not necessarily reflect the views of the FTC or any commissioner. Of the people who can go ahead and speak freely, the first person we have on our panel is Leigh Freund, who is the President and CEO of Network Advertising Initiative, which is an industry trade group that develops self-regulatory standards for online advertising. Leigh joined in NAI in 2015, after 11 years at AOL, where she was Vice President and Chief Counsel for Global Public Policy.
Next up, we have Ramsi Woodcock, who is an Assistant Professor of Law at the University of Kentucky, and also has an appointment as Assistant Professor of Management in the Gatton School of Business and Economics.
Third, we have Christopher Yoo, who is the John H. Chestnut Professor of Law, Communication, and Computer & Information Science, as well as Dir
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