Word: antitrusters
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...effort to allay suspicions of monopoly, and to demonstrate that competition can flourish even in a one-ownership newspaper town. Last week Scripps-Howard's Ohio stronghold was under Government siege. In a suit filed in Federal District Court in Cincinnati, the U.S. Department of Justice's antitrust division demanded that the Enquirer be severed from Scripps-Howard's 18-paper chain...
...Enemy. In challenging Scripps-Howard's monopoly in Cincinnati, the Justice Department passed over many likelier locales for an antitrust suit. Newspaper monopolies have become the rule rather than the exception in the U.S. Competition exists in only 52 of the 1,434 towns that publish daily newspapers. And where competition has vanished by merger, it has rarely been permitted to survive in spirit, as it does in Cincinnati. In Memphis, for example, another Scripps-Howard monopoly town, the two papers share the same plant and the same ad salesmen...
...clear. "Cincinnati is a practical suit because the papers are easily separable," said a Justice spokesman. "You can get better practical relief." What this meant was that in most newspaper mergers, the two joined papers produce so hopeless a tangle-in both production and finance-that even a victorious antitrust suit cannot sort...
...Line Railroad. The ICC is considering 20 other proposed mergers, of which six are big. The Justice Department has raised serious objection to only one, the link-up between the nation's two largest railroads, the Pennsylvania and the New York Central. But the railroads are exempt from antitrust laws, and the ICC has the last word on mergers...
...found that the utilities were entitled to dam ages for having been overcharged as far back as 1946, even though the original electrical-conspiracy cases covered only the 1956-60 period. The ruling stemmed from a clause in the law that suspends the statute of limitations (four years in antitrust cases) if plaintiffs can prove both that price-fixing had been practiced long before the indictment and had been "fraudulently concealed." Lawyers for the electrical-equipment companies offered an eyebrow-raising defense. They did not deny the price-fixing conspiracy but denied that it had been "fraudulently concealed." They contended...