"The antitrust lawsuit, filed on Wednesday in the US district court for the southern district of Florida, names both Fox News Network and its parent company, Fox Corp. It claims the broadcaster carried out an exclusionary scheme to increase and maintain its dominance in the market for US right-leaning pay TV news. The complaint goes on to say Fox's control over this must-have news channel gives it significant market power and leverage to impose onerous demands on distributors of its content."
"Fox may have profited from exclusionary contracts and intimidation tactics for years, but those days are over. This lawsuit is about restoring fairness to the market and ensuring that Americans have real choice in the news they watch. If we prevail, Fox's damages could be tripled under federal law an outcome that would send a powerful message to any company that thinks it can monopolize public discourse, he added."
Newsmax filed an antitrust lawsuit in the US District Court for the Southern District of Florida naming Fox News Network and Fox Corp and alleging an exclusionary scheme to increase and maintain dominance in the US right-leaning pay-TV news market. The complaint alleges Fox's control of a must-have channel gives it market power to coerce distributors into not carrying or marginalizing rival right-leaning channels, including Newsmax. Newsmax seeks a permanent injunction barring the alleged exclusionary contracts and financial compensation, including potential treble damages under federal law. Fox characterized the filing as an attempt to avoid competitive failures.
Read at www.theguardian.com
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