According to a report from Reuters, the Department of Justice (DOJ) announced it has settled antitrust charges with Nexstar Media Group, which was accused of sharing sensitive information with rivals in the broadcast television industry.
The information involved how stations were performing, which provides insight to rivals about whether they would raise, lower, or maintain spot advertising prices, the agency explained in a statement.
The settlement, which must be approved by a court, bars direct and indirect sharing of such information and requires Nexstar to cooperate in the ongoing investigation, according to the statement.
“Robust competition among broadcast stations allows American businesses to obtain competitive advertising rates. The unlawful sharing of information reduced that competition and harmed businesses and the consumers they serve,” Assistant US Attorney General Makan Delrahim said.
Full Content: Reuters
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