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Stock impact report

Dept. of Justice sets sights on NFL's media rights deals [Los Angeles Times (CA)]

Fox Corporation - Class B (FOX) 
Last fox corporation - class b earnings: 5/10 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: 21cf.com/investor-relations
The investigation first reported by the Wall Street Journal centers on the financial impact of live sports streaming on consumers and whether the league's traditional broadcast partners are getting fair treatment. The Justice Dept. did not respond to a request for comment. A government official told NBC News the DOJ's investigation into the NFL is “about affordability for consumers and creating an even playing field for providers.” Early last month, Sen. Mike Lee, R-Utah requested the investigation in a letter to the DOJ, and issued a statement Thursday on X saying he was glad to see it move forward. The Sports Broadcasting Act passed by Congress in 1961 allowed professional football teams to collectively license the TV rights of their games to national broadcast networks without running afoul of anti-trust laws. Lee noted that courts have recognized the act refers to broadcasts “financed through advertising and made available free to the public.” Lee said sports packages tha Show less Read more
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