Feds Taking Testimony in New Times/VVM Deal

november 20, 2002  09:58 am
Feds Taking Testimony in New Times/VVM Deal
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.