Three TV broadcasting companies agreed to pay a combined $48 million settlement to resolve claims that they conspired together to raise and fix the cost of television spot ads.
According to plaintiffs in the case, broadcasting companies worked together to raise and fix the cost of TV spot advertisements — forcing businesses to overpay for these ads. The alleged conspiracy violated federal antitrust laws, the class action lawsuit contends.
Broadcast television spot advertisements are short TV ads sold by broadcasting systems to businesses.
The defendants haven’t admitted any wrongdoing but agreed to $48 million in settlements to resolve the TV advertising class action lawsuit. Cox agreed to pay $37 million, Fox will pay $6 million and CBS agreed to pay $5 million.
Local TV Advertising Class Action Lawsuit
- Who’s Eligible:
- Individuals and entities who purchased broadcast television spot advertising from CBS, Cox Media, Dreamcatcher Broadcasting, FOX, Griffin Communications, Meredith Corp., Nexstar Media, Raycom Media, E.W. Scripps, Sinclair Broadcast, TEGNA, Tribune Broadcasting and/or Tribune Media in designated market areas between Jan. 1, 2014 and Dec. 31, 2018
- Estimated Amount: Varies
- Proof of Purchase: N/A
- Claim Form Deadline: 10/26/2023
- Case Name & Number:
- Burks, et al. v. Gotham Process Inc., et al., Case No. 1:20-cv-01001-NRM-PK, in the U.S. District Court for the Eastern District of New York
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
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Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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