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:
“If you are one of the hewers of wood and drawers of small weekly paychecks, your letters will have to contain some few items of news or they will be accounted dry stuff.... But if you happen to be of a literary turn of mind, or are, in any way, likely to become famous, you may settle down to an afternoon of letter-writing on nothing more sprightly in the way of news than the shifting of the wind from south to south-east.”
—Robert Benchley (1889–1945)