Feds Taking Testimony in New Times/VVM Deal
By AAN Staff
november 20, 2002 09:58 am
Sources tell the Los Angeles Times that
federal investigators may be pursuing a
legal solution that would actually
re-open alternative newsweeklies in
Los Angeles and Cleveland, the two
cities where Village Voice Media and New
Times agreed to close papers and
eliminate competition. The federal
anti-trust investigation is "unusually
fast-paced," The Times' Tim Rutten
reports. "Clearly, they've decided to
move before the bodies get too
cold," an anti-trust attorney tells
Rutten.