Word: antitrust
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...order was part of a 159-page opinion that virtually completes the legal restructuring of A T & T. The mammoth undertaking, the largest breakup of a company in history, has been under way since January 1982, when AT&T agreed to divest its local units to settle a Government antitrust suit. "This decision in a sense is the final word on telephone reorganization," said Theodore Whitehead, a Washington attorney who specializes in communications...
...Three of the most famous letters in American business. For years the International Business Machines Corp. towered over the office-equipment industry. Then in the 1970s, besieged by Government antitrust charges and challenged by ambitious new rivals, the giant seemed to be staggering, and those three famous letters lost a bit of their luster. Was IBM's dominance in jeopardy...
...very success, however, almost backfired against the company. The Johnson Administration on its final working day in office, Jan. 17, 1969, opened a massive antitrust case, accusing the company of monopolistic and anticompetitive practices. The federal suit dragged on endlessly-at a cost to IBM of several hundred million dollars in legal fees-until the Justice Department abruptly dropped it in January 1982, declaring that the case was "without merit." Recalls former IBM Chairman Frank Cary, Opel's predecessor: "The suit was a tremendous cloud that was over the company for 13 years. It couldn't help influencing...
Maynard bought the Tribune without putting up any cash. The $22 million price, steep for a paper that lost $3 million last year, came entirely from loans, $17 million from Gannett. The chain's generosity was prompted in part by a federal antitrust regulation that prevented it from owning both the paper and a San Francisco TV station, KRON, which Gannett had avidly pursued. Says Maynard: "Gannett's position could have been stronger...
...merger discussions started shortly after the national bodies governing college athletics joined nearly two years ago. Talks between the National Collegiate Athletic Association (NCAA) and the Association for Intercollegiate Athletics for Women (AIAW) were acrimonious and AIAW administrators filed an antitrust suit against the NCAA...