DOJ Slams Raycom Over Alleged Station Hoarding
The DOJ officially slammed Raycom in the U.S. District Court for the Eastern District of Virginia over its current holdings, arguing that the company's acquisition of two local stations had significantly curtailed competition.
“The acquisition eliminated substantial head-to-head competition between WWBT-TV and WTVR-TV,” the complaint stated. “Unless remedied, the...
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