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ARTICLE · 03 AUGUST 2018

THE LATEST: Collateral Risk In Merger Reviews

McDermott Will & Emery
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The Wall Street Journal has reported that the Antitrust Division of the Department of Justice (DOJ) is currently investigating ...

United StatesAntitrust/Competition Law
Gregory Heltzer
Gregory Heltzer
Louise-Astrid Aberg
Louise-Astrid Aberg
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WHAT HAPPENED

  • The Wall Street Journal has reported that the Antitrust Division of the Department of Justice (DOJ) is currently investigating whether advertising sales teams for competing television station owners engaged in anticompetitive conduct regarding communications on performance levels. Per the Journal's reporting:
  • DOJ is investigating whether the purported communications led to higher rates for television commercials.
  • DOJ's industry-wide investigation developed from its review of Sinclair Broadcast Group's (Sinclair) proposed acquisition of Tribune Media (Tribune).
  • As part of the DOJ's merger review, Sinclair and Tribune received a "Second Request." Responding to a Second Request typically involves the production of a wide range of company documents regarding competition in the industry under investigation.

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