Articles

Judge strikes down rule requiring drug ads to reveal prices

Responding to a lawsuit by Eli Lilly and two other companies, a federal judge Monday blocked a major White House initiative on prescription drug costs, saying the Trump administration lacked the legal authority to require drugmakers to disclose their prices in TV ads.

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Appeals court strips judgment for Emmis, rules for insurer

A federal appeals court has reversed a breach-of-contract ruling for Indianapolis-based media company Emmis Communications Corp. arising from a shareholder dispute. Emmis had sought more than $4 million in legal fees that its insurer refused to cover.

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emmis building on circle 2016

Emmis makes deal to sell two New York stations, form new public company

Emmis Communications said it is selling two of its three New York City radio stations to investment firm Standard General. In return, Emmis will receive $91.5 million in cash plus a significant share of a new public company that will own the two stations. Emmis stock soared after the deal was announced.

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U.S. House mulls antitrust help for news industry

Members of both parties on Tuesday suggested legislation may be necessary for the financially struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies.

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WTHR sold to Virginia firm

Dispatch Broadcast Group announced today it has sold its Indianapolis NBC affiliate WTHR-TV Channel 13 and its Columbus, Ohio CBC affiliate WBNS-TV as well as WBNS Radio—which broadcasts on AM and FM—for $535 million in cash to Tysons, Virginia-based Tegna Inc.

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