Lawsuit Against Weekly
In March, 2008 The Guardian won a predatory pricing lawsuit against its local rival, the SF Weekly, based on allegations the Weekly undercut The Guardian by selling display advertisements below cost while supporting itself on cash infusions from its parent, Village Voice Media, in an effort to force the Guardian into bankruptcy. In May, 2008 the judge in the case awarded punitive damages, raising the jury's $6.3 million award to $15.9 million, and issuing an injunction prohibiting the SF Weekly from selling advertisements below cost.
Read more about this topic: San Francisco Bay Guardian
Famous quotes containing the word weekly:
“More than illness or death, the American journalist fears standing alone against the whim of his owners or the prejudices of his audience. Deprive William Safire of the insignia of the New York Times, and he would have a hard time selling his truths to a weekly broadsheet in suburban Duluth.”
—Lewis H. Lapham (b. 1935)