"Right-wing cable news outlet Newsmax sued conservative media giant Fox Corp. on Wednesday, alleging that the Murdoch family-controlled conglomerate holds an illegal monopoly in the "right-leaning pay TV news market." In the antitrust lawsuit, filed in a Florida federal court, Newsmax accuses Fox Corp. and its Fox News network of engaging in an "exclusionary scheme to increase and maintain its dominance" in that market."
"The lawsuit alleges that Fox pressures distributors into "unfair" deals that blocks those distributors from carrying competitors of Fox News, including Newsmax, or imposes financial penalties on distributors if they carry Newsmax or other rivals. Fox, the lawsuit says, exploits its market power by "conditioning carriage agreements on the distributor's agreement not to carry any right-leaning news channel, including Newsmax, that directly competes with Fox News.""
Newsmax filed an antitrust lawsuit in a Florida federal court accusing Fox Corp. and Fox News of holding an illegal monopoly in the right-leaning pay TV news market. Newsmax alleges Fox engaged in an exclusionary scheme to increase and maintain dominance, and that Fox's anticompetitive behavior hindered Newsmax's pay TV distribution and growth. The complaint says Fox pressures distributors into unfair deals that block carrying competitors or imposes financial penalties if distributors carry Newsmax or other rivals. The lawsuit asserts Fox conditions carriage agreements on distributors agreeing not to carry competing right-leaning news channels. Newsmax cites internal Fox messages revealed in the Dominion lawsuit to support its claims. Newsmax's market capitalization is about $1.8 billion versus Fox Corp.'s more than $25 billion.
Read at Business Insider
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