DOJ Should Block Any Liberty/iHeartMedia, Say OMI and Others
DOJ shouldn’t allow any large-scale deal between Liberty Media and iHeartMedia, said the Open Markets Institute and other groups Wednesday. “Any such deal would harm American journalism by further concentrating power in local radio markets nationwide.” It would “likely lead…
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to further cutbacks in America’s local newsrooms, just as the COVID-19 crisis is leading to large and growing job losses.” The companies didn't comment right away. Others expressing similar are the Artist Rights Alliance, Center for Digital Democracy, Institute for Local Self-Reliance and Public Citizen. Such a transaction would also harm advertisers and performers, OMI said. “Further concentration in local radio markets likely would mean fewer broadcast outlets, which would reduce artist incomes.” OMI wants a “merger moratorium” during the pandemic.