Word: antitrusters
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John Malone, Tele-Communications Inc. chairman and Barry Diller ally in the Paramount battle. Engaged in a love-hate relationship with Viacom -- currently talking to Sumner Redstone about buying Viacom's cable systems while fending off Viacom's massive antitrust suit. Also testily pulled Viacom's the Movie Channel from TCI's cable systems...
...settlement, announced December 22, 1993, ended more than two years of litigation in an antitrust suit which charged MIT with joining the eight Ivy League schools to fix the prices of college educations...
According to court documents, "in 1991, the Antitrust Division of the Justice Department brought this suit alleging that the Ivy (League) Overlap Group unlawfully conspired to restrain trade in violation of section one of the Sherman Act... by (1) agreeing to award financial aid exclusively on the basis of need; (2) agreeing to utilize a common formula to calculate need; and (3) collectively settling, with only insignificant discrepancies, each commonly-admitted student's family contribution toward the price of tuition...
...district court found the Ivy schools and MIT guilty of violating antitrust laws. Last September, however, an appeals court ordered a new trial, declaring that the district court had not sufficiently debated MIT's position...
...appeals court did rule that financial-aid guidelines are governed by federal antitrust laws, according to court records...