Feds sue Gazette over DM deal; antitrust violation
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Feds sue Gazette over DM deal; antitrust violation
Justice Department Accuses Gazette, MediaNews of Antitrust Violations
Posted Tuesday, May 22, 2007 ; 07:17 PM
Updated Tuesday, May 22, 2007 ; 10:09 PM
Complaint filed on Tuesday.
Story by Beth Gorczyca Ryan Email | Bio
CHARLESTON -- Three years after the parent company of The Charleston Gazette purchased its capital city rival, the Charleston Daily Mail, the U.S. Department of Justice has stepped in, declaring the sale as illegal.
The Justice Department filed a lawsuit May 22 in U.S. District Court in Charleston alleging the sale violates antitrust laws. It seeks an order requiring the Daily Gazette Co., which owns the Gazette, and Denver-based MediaNews Group Inc., which owned The Daily Mail, to undo the $55 million deal. As part of that, the DOJ is asking for an order restoring the Daily Mail to its previous competitiveness.
The 19-page complaint alleges the Daily Gazette Co. bought the Daily Mail with the purpose and intent to shut it down. It alleges the Gazette’s parent company then began using its new control over the smaller afternoon-delivered Daily Mail to initiate the termination of the second paper.
The Justice Department said the Daily Gazette Co. suspended those actions in December 2004 when the Department learned of the maneuvers and launched an investigation.
“When the Daily Gazette Co. acquired the Daily Mail with the aim of shutting it down, readers in the Charleston area and the advertisers who valued access to them, were denied the benefits of competition,â€
Posted Tuesday, May 22, 2007 ; 07:17 PM
Updated Tuesday, May 22, 2007 ; 10:09 PM
Complaint filed on Tuesday.
Story by Beth Gorczyca Ryan Email | Bio
CHARLESTON -- Three years after the parent company of The Charleston Gazette purchased its capital city rival, the Charleston Daily Mail, the U.S. Department of Justice has stepped in, declaring the sale as illegal.
The Justice Department filed a lawsuit May 22 in U.S. District Court in Charleston alleging the sale violates antitrust laws. It seeks an order requiring the Daily Gazette Co., which owns the Gazette, and Denver-based MediaNews Group Inc., which owned The Daily Mail, to undo the $55 million deal. As part of that, the DOJ is asking for an order restoring the Daily Mail to its previous competitiveness.
The 19-page complaint alleges the Daily Gazette Co. bought the Daily Mail with the purpose and intent to shut it down. It alleges the Gazette’s parent company then began using its new control over the smaller afternoon-delivered Daily Mail to initiate the termination of the second paper.
The Justice Department said the Daily Gazette Co. suspended those actions in December 2004 when the Department learned of the maneuvers and launched an investigation.
“When the Daily Gazette Co. acquired the Daily Mail with the aim of shutting it down, readers in the Charleston area and the advertisers who valued access to them, were denied the benefits of competition,â€
- lastone
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There are many of these kinds of "deals" that have gone unchallenged. This investigation most likely went forward because the SEC wasn't involved. Corporate America is simply corrupt and no one wants to change it.
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Glad I held on to my two wheeler...I'll need it to get to work next week.
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- Zak Tyler
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WTF?!?!?
i don't see how this fits into our society at all.... that's kinda like a hospital coming in and taking your baby at 3 years old saying they gave you the wrong baby... (ok, well, not really. but you get my point.... could think of a REALLY good analogy)
i don't see how this fits into our society at all.... that's kinda like a hospital coming in and taking your baby at 3 years old saying they gave you the wrong baby... (ok, well, not really. but you get my point.... could think of a REALLY good analogy)
I'm not an idiot, but I play one on the radio.
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Re: Feds sue Gazette over DM deal; antitrust violation
Speaking of copyright laws........................................unchoopfan wrote:[Copyright 2007 West Virginia Media. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
- Dr. Whiplash
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- fearpeddler
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I'd say the gazette people are an easy target now, relatively small compared to other papers that have done similar things lately makes for a small court battle when it comes to lawyers getting hired, easy win for the feds...personallly those gazette people need to issue some refunds for the crap they stuff in that paper and call news...
Doesn't MSNBC stand for the Media that Spins the News for Barrack's Cabinet?
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Political Correctness is always having to say you're sorry. - Me
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