Source Interlink, News Group Settle
Five defendants on board, five more to go in wholesalerâ€™s antitrust lawsuit.
Magazine publisher and wholesaler Source Interlink has made more headway in its antitrust lawsuit against several magazine publishers and rival wholesalers.
Source Tuesday said it had come to an agreement with the News Group, effectively ending its charges against the wholesaler. Source made similar agreements with Time Inc., Time Warner Retail, American Media Inc. and its distribution unit Distribution Services Inc.
â€śWe have always had the greatest respect for the News Group and are delighted that we are resuming normal working relationships with them, effective immediately,â€ť Source CEO Greg Mays said in a statement.
Source last month filed a lawsuit in New York federal court alleging that the defendants â€śconspiredâ€ť to force the company to sell its distribution business at a steep discount to rivals Hudson News and News Group. The court awarded Source a temporary restraining order prohibiting publishers and national distributors from denying shipments to its magazine distribution business.
Other defendants named in the suit are Bauer, Curtis, Hachette, Hudson News and Kable Distribution.