Word: antitrusters
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Major League Baseball came a step closer to losing its antitrust exemption when the Senate Judiciary Committee voted 9-8 to lift the rule. No other professional league has such a deal, which classifies baseball as a sport rather than a business, and thusallows employers to skirt some federal labor laws. The measure now goes to the Senate floor, where a vote is expected to be extremely close...
...served competitive notice to rival Procter & Gamble Co. when it announced that it will acquire the Scott Paper Co. for roughly $6.8 billion in stock. The merged company will be the world's largest manufacturer of tissue paper, enjoying annual revenue of $11 billion; Procter said it will raise antitrust objections in both the U.S. and Europe...
...show will go on at Ticketmaster now that the Justice Department has declined to bring an antitrust case against the nation's largest distributor of concert tickets. Justice launched an investigation last fall intocharges by the rock group Pearl Jam and others that the company's service charge was excessive and amounted to price gouging.Ticketmaster sold an estimated $1.6 billion in tickets last year, taking in $240 million in service charges...
...court of appeals reversed a lower court's rejection of Microsoft's antitrust settlement with the Justice Department. District Judge Stanley Sporkin perceived Microsoft as ruthless and rejected the settlement as insufficiently punitive; the circuit court disqualified him from further presiding over the case and recommended that the next judge on the case approve the agreement...
This recommendation will work only if two conditions are met. The first is that Congress grant broadcasters an antitrust exemption so that they may cooperate in the production and scheduling of quality children's programming. Requiring broadcasters to meet such a minimal public service is reasonable, but asking them to take financial lumps in the name of public service is counterproductive-and, more important, competition in this area will not benefit children. Far better that a network such as Fox, which has already had success with its preschool series Cubhouse, continue to program for younger viewers, while cbs serves...