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Violation Tracker Individual Record

Company: CBS Corporation
Current Parent Company: Paramount Global
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $5,000,000
Year: 2023
Date: December 7, 2023
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: CBS agreed to pay $5 million to settle its role in litigation alleging broadcasters fixed television ad prices.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Illinois
Civil or Criminal Case: civil
Case ID: 1:18-cv-06785
Case Name: In Re: Local TV Advertising Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: media
Specific Industry of Current Parent: media
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.