Antitrust Suit Filed Against Clear Channel
A concert promoter in Denver has filed suit against Clear Channel Communications, alleging that the broadcasting giant has unfairly used its dominance in radio broadcasting to monopolize the live-music market. The Associated Press reports that an antitrust suit has been filed in federal court against the nation’s largest broadcaster, Clear Channel Communications. The lawsuit is the result of Clear Channel’s $4 billion acquisition of SFX, a leading concert promotions company, which has been renamed Clear Channel Entertainment. The lawsuit, filed earlier this week in Denver by and independent music promotion company called Nobody in Particular Presents (NPP), charges that Clear… Read more »