FTC Approves Ad Buyers’ $13.5 Billion Merger But Bars Placement Based on Politics

Date:

In a landmark decision, the Federal Trade Commission (FTC) barred two major advertising buyers from restricting purchases based on ideological or political reasons.

On June 23, the commission approved Omnicom Group Inc.’s $13.5 billion acquisition of The Interpublic Group of Companies Inc. However, in a consent order, the agency charged with protecting America’s consumers barred what it identifies as a coordinated boycott and discrimination in ad placement based on political viewpoints.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Cuba Prepared for Potential US Attack Amid Washingtons Oil Blockade: Deputy Foreign Minister

Cuban Deputy Foreign Minister Carlos Fernandez de Cossio speaks...

US Challenges Chinas UN Influence, Backs Taiwans Global Role, Ambassador Waltz Says

Mike Waltz, U.S. ambassador to the United States and...

The State of Private Credit Markets: Investor Sentiment Versus Fundamentals

U.S. private credit defaults eased in February, according to...

CBS News to End Radio Service After Nearly 100 Years, Marking Shift in Media Landscape

The CBS broadcasting logo is seen outside the company's...