As Nexstar pursues it’s deal to buy Tribune, the company needs to tie up some loose ends.
Such as the Department of Justice investigation against Nexstar for sharing ad prices and competitively sensitive information.
B&C writes that the DOJ has already settled with Sinclair, Raycom, Tribune, Meredith, Griffin and Dreamcatcher, but added Nexstar to the settlement as a defendant yesterday and filed a proposed settlement at the same time, as it did with the others, which all settled Nov. 13.
According to the complaint, Nexstar had "agreed with other entities [see above] in many metropolitan areas across the United States to exchange revenue pacing information, and also engaged in the exchange of other forms of non-public sales information in certain metropolitan areas."
The settlement prohibits such sharing in the future, which DOJ says resolves the issue—none of the settlements include a fine.
Nexstar also agreed to cooperate in Justice's investigation and to adopt "rigorous antitrust compliance and reporting measures." The prohibition also extends to any new owner of Nexstar stations.