Nexstar has agreed to a settlement in the U.S. Justice Department’s investigation into the television ad market, B&C reports. The Department has been looking into what it says are anticompetitive exchanges of sensitive information.
“It has already settled with Sinclair, Raycom, Tribune, Meredith, Griffin and Dreamcatcher, but added Nexstar to the settlement as a defendant Thursday (Dec. 13) and filed a proposed settlement at the same time, as it did with the others, which all settled Nov. 13,” B&C reports.
The report adds: “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.'”
B&C also reports: “The settlement prohibits such sharing in the future, which DOJ says resolves the issue — none of the settlements include a fine.”