DOJ Closes Clear Channel Antitrust Probes, Finding No Violations

DOJ Closes Clear Channel Antitrust Probes, Finding No Violations
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The U.S. Department of Justice has closed its antitrust investigations into Clear Channel Communications with no adverse actions taken, the company said in a regulatory filing with the Securities and Exchange Commission.
The DOJ looked into whether the broadcaster had violated antitrust laws in one of its radio markets.
The DOJ also investigated whether Clear Channel had tied either airplay or the use of certain concert venues to the use of the concert promotion services of the company's former live-entertainment business; if so, that would violate antitrust laws.
Clear Channel said both investigations were closed last month with no action taken.
The cases were brought to light in July 2003 during a House Judiciary Committee hearing when an assistant attorney general said Clear Channel was under investigation for possible antitrust violations.

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