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Bay Guardian wins case against SF Weekly

Tuesday, November 23, 2010

The Bay Guardian won its antitrust case against SF Weekly today when the state Supreme Court   refused to review lower-court rulings ordering  image the Weekly to pay $22 million in damages and interest for illegally selling ads below cost in a bid to drive the Guardian out of business. The Chronicle’s Bob Egelko reports that lawyers for each alt weekly declined to comment. The Guardian and the Weekly’s parent, Village Voice Media, have engaged in settlement talks for months and those talks are presumed to be ongoing.

Add: Today’s outcome is a blow to VVM’s already weakened negotiating position. The Weekly has been ordered to fork over up to half its income to the Guardian, its delivery vans were confiscated, and the paper has been forced to sub-lease half of its Mission Bay office space to help make end’s meet. And while the Phoenix-based company has, until now at least, managed to buy time in the courts, it has come at a price, with interest on the antitrust judgment continuing to accrue.

[+] Wednesday, 11/24 4:05 p.m.: VVM decries the state Supreme Court's decision not to hear the case and executive editor Mike Lacey issues a statement saying that "we will continue the fight in San Francisco," without elaborating. 
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