Fox News is being taken to court by Newsmax, alleging a dominant position that allows for the misuse of power.
In a significant move, Newsmax, a pro-Trump channel, has filed an antitrust lawsuit against Fox News and its parent company, Fox Corporation. The lawsuit, filed in the US District Court for the Southern District of Florida, alleges that Fox leverages its control over a must-have news channel to impose onerous demands on distributors of its content.
The lawsuit accuses Fox News of engaging in an exclusionary scheme to increase and maintain its dominance in the market for US right-leaning pay TV news. Newsmax alleges that Fox uses exclusionary tactics such as no-carry provisions and financial penalties on distributors to coerce them into not carrying or into marginalising other right-leaning news channels, including Newsmax.
Christopher Ruddy, the founder and CEO of Newsmax, made a statement saying, "Fox may have profited from exclusionary contracts and intimidation tactics for years, but those days are over." He further added that the lawsuit is about restoring fairness to the market.
If they prevail, Fox's damages could be tripled under federal law, as stated by Ruddy. He also mentioned that this outcome would send a powerful message to any company that thinks it can monopolize public discourse.
The lawsuit aims to restrict Fox from maintaining its "exclusionary contracts and monopolistic practices." However, neither Fox News nor Newsmax responded to a request for comment.
This lawsuit is a developing story and will be updated. If successful, it could potentially reshape the landscape of US right-leaning pay TV news.
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