President Joe Biden issued Executive Order 14036 on Promoting Competition in the American Economy on July 9, 2021. Touting the advantages of an “open and competitive economy,” the.
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On Sept. 2, 2021, the FTC announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial COF stock violated the Hart-Scott-Rodino HSR Act.
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QUINCY â The acquisition of stations owned by Quincy Media Inc., parent company of WGEM-TV/FM/AM, by Gray Television closed.
Atlanta-based Gray announced Monday that the $925 million acquisition was completed, as well as the sale of 10 QMI stations in the seven Gray/QMI overlap markets to Allen Media Group.
In February, QMI announced shareholder approval for the companyâs television and radio properties.
Gray announced in April that it would sell former QMI stations based in Tucson, Ariz.; Madison Wis.; Carbondale, Ill., Waterloo, Iowa; LaCrosse, Wis., Wausau, Wis., and Rockford to Allen Media Group to facilitate regulatory approval.
Last week, the U.S. Department of Justiceâs Antitrust Division announced it would require Gray and QMI to divest 10 stations in seven markets as a condition of resolving a challenge to Grayâs acquisition.