GRABAR LAW OFFICE INVESTIGATES ANTITRUST VIOLATIONS ON BEHALF OF DIRECT PURCHASERS OF BROADCAST TELEVISION SPOT ADVERTISING BETWEEN JANUARY 1, 2014, AND MARCH 31, 2018
As alleged in the Antirust Class Action Complaint, beginning on or around January 1, 2014, CBS Corporation, Cox Enterprises, Inc., Cox Media Group, LLC, Dreamcatcher Broadcasting, LLC, The E.W. Scripps Company, Griffin Communications, LLC, Fox Corporation, Katz Media Group, Inc., Meredith Corporation, Nexstar Media Group, Inc., Gray Television, Inc. (through its acquisition of Raycom Media, Inc.), Sinclair Broadcast Group, Inc., TEGNA, Inc., Tribune Broadcasting Company, LLC, and Tribune Media Company (collectively, “Defendants”)—firms that collectively account for billions of dollars in annual broadcast television spot advertising revenue—secretly orchestrated a unitary, overarching scheme to supracompetitively impact the price levels of broadcast television spot advertisements by agreeing to fix prices and exchange competitively sensitive historic, current, and forward-looking sales data, including pacing data. Pacing data is used to compare a broadcast station’s revenues booked for a certain time period to the revenues booked for the same point in time in the previous year (the exchange of which allows Defendants to forecast their would-be competitors’ remaining inventory of broadcast television spot advertising), typically expressed as a plus or minus percentage (e.g., plus or minus 20%). The television advertisements at issue are purchased directly from broadcast television stations (as opposed to cable operators) and are referred to herein as “broadcast television spot advertising.”
Broadcast Television Spot Advertising Investigation
The DOJ brought similar actions against these same entities and reached settlements with many of these same broadcast television companies.
If you purchased broadcast television spot advertising directly from one or more Broadcaster Defendants at any time from at least and including January 1, 2014, until at least March 31, 2018 (the “Class Period”), you may have been impacted, and could be entitled to recover overcharges and a court awarded incentive where appropriate.
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