Word: antitrust
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Said little A.P. Member Kerney, on his editorial page: "The supporters of [the Chicago Tribune's publisher] McCormick now are preparing petitions to Congress to exempt news agencies from the antitrust laws. This is an unfortunate attempt to gain special favor. . . . Congress should turn [it] down. Freedom of the press . . . is not a license to newspapers to run their businesses apart from the rest of America. . . . It should be treated by the press . . . as the sacred trust which...
...decision the court flatly rejected the recommendation of the Antitrust Division of the Department of Justice. The department had argued that sale to the roads would set up a new monopoly, strongly recommended selling to a group made up of Alleghany Corp.'s Robert Young, Allan Kirby, and Cleveland's Otis & Co. This group had promised to spend $500,000,000 to spruce up the service. And Bob Young had talked of coast-to-coast service, with no changes at Chicago...
...members felt put upon, and didn't care if they showed it. The Justice Department had first twisted A.P.'s arm with an antitrust suit; then in June the Supreme Court had twisted it even further. Said the Court sternly: nobody must be denied A.P. membership just because a local rival fears the competition...
Last week the Department of Justice did something about this. It had the A.L.M.A., 45 member firms, and 34 individuals indicted under the antitrust laws. The charge: conspiring to fix high prices for artificial limbs, prevent competition...
...General Electric Co. and the German Krupp interests made an agreement on the sale of cemented tungsten carbide (for machine tools), Canadian importers could buy it only from G.E., which raised the price from $50 a pound to $453. After the U.S. Government indicted G.E. in 1940 (antitrust law violation), the price skidded to $32 a pound...