At the end of May, after “extensive negotiations,” CBS News & Stations parent Paramount Global; FOX Corporation; and Cox Media Group each agreed to terms with settlement agreements that resolve advertising price-fixing claims against the three television station ownership groups.
However, not every broadcast TV station ownership group involved in the litigation agreed to a settlement. Now, TEGNA — along with the current owners of stations formerly owned by Raycom and Meredith Corp. — has asked the court to reconsider the settlement agreement reached in May.
The key reason? They do not want to give up their confidential client rosters.
