California Closes Investigation of New Times-VVM Merger

february 9, 2006  11:04 pm
Contrary to a Feb. 8 report in the San Francisco Bay Guardian that was linked from our Web site yesterday, AAN has learned that California Attorney General Bill Lockyer announced on Feb. 6 (PDF) that his office has closed its investigation of the merger without taking any enforcement action. In addition, the Bay Guardian article was in error in stating that "the two chains were caught in 2002 in an illegal market-allocation agreement." In fact, New Times and Village Voice Media signed a consent degree without admitting guilt in that case. Lockyer's letter stated that his office "will continue to monitor" the merged company's compliance with the settlement.

To read the Bay Guardian's Letter to the Editor in response to the item above, click here.