FTC Proposes Settlement with Hearst Corp.

Share this article:
The Federal Trade Commission said it has a proposed settlement with Hearst Corp. that would resolve charges that Hearst unlawfully acquired J.B. Laughery Inc., which included the Medi-Span drug information database.


Under the terms of the settlement, Hearst would divest the former Medi-Span business and pay $19 million. The proposal will be presented to the federal district court for entry of a final judgment.


The database is used by pharmacists, other healthcare professionals, hospitals and health plans.


The FTC charged Hearst in April with illegally acquiring a monopoly through its 1998 acquisition of Medi-Span, its main competitor in that market. The only other commonly used database is owned by Hearst's subsidiary, First DataBank.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings