[Federal Register Volume 67, Number 130 (Monday, July 8, 2002)]
[Notices]
[Page 45150]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-16923]


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DEPARTMENT OF JUSTICE

Antitrust Division


United States v. CBS Corporation, Infinity Broadcasting 
Corporation, and Outdoor Systems, Inc., No. 1:99-CV3212 (D.D.C. June 6, 
1999); United States' Notice of Proposed Termination of Final Judgment

    Notice is hereby given that the United States and CBS Corporation, 
Infinity Broadcasting Corporation, and Outdoor Systems, Inc. 
(collectively ``CBS''), have entered a Stipulation to modify the Final 
Judgment entered by the United States Court for the District of 
Columbia on June 6, 2000. In this Stipulation filed with the Court, the 
United States has provisionally consented to modification of the Final 
Judgment, but has reserved the right to withdraw its consent pending 
receipt of the public comments.
    On December 6, 1999, the United States filed the Complaint in this 
case alleging that the acquisition by Infinity Broadcasting Corporation 
and CBS Corporation (collectively ``CBS'') of Outdoor Systems, Inc. 
(``OSI'') violated section 7 of the Clayton Act, as amended, 15 U.S.C. 
18. The Complaint alleged that CBS and OSI were two of the largest out-
of-home advertising companies in the United States; that the sale of 
out-of-home advertising constituted a relevant antitrust product 
market; and that the acquisition was likely to substantially reduce 
competition in three metropolitan areas: New York, New Orleans, and 
Phoenix.
    The Final Judgment, which was entered by consent of the parties on 
June 6, 2000, ordered the divestiture of four separate groups of 
assets. To date, three of these divestitures have already been 
successfully accomplished; the fourth divestiture--the divestiture, at 
the Defendant's option, of either the New York City subway or bus 
advertising business--has not been completed, despite the efforts of 
the Defendants and a Court-appointed Trustee. The parties propose that 
the current Final Judgment be modified by substituting the Defendants' 
New York City telephone kiosk advertising business for the assets 
previously required to be divested.
    The United States has filed a memorandum with the Court setting 
forth the reasons it believes modification of the Final Judgment would 
serve the public interests. Copies of the joint motion of the United 
States and CBS to establish procedures to modify the Final Judgment, 
the stipulation containing the United States' provisional consent to 
modification of the Final Judgment, the supporting memorandum, and all 
additional papers filed with the Court in connection with this motion 
are available for inspection at the Antitrust Documents Group of the 
Antitrust Division, U.S. Department of Justice, 325 7th Street, NW., 
Room 215 North, Liberty Place Building, Washington, DC 20530, and at 
the Office of the Clerk of the United States District Court for the 
District of Columbia, 333 Constitution Avenue, NW., Washington, DC 
2001. Copies of these materials may be obtained from the Antitrust 
Division upon request and payment of the copying fee set by Department 
of Justice regulations.
    Interested person may submit comments regarding the proposed 
modification of the Final Judgment to the United States. Such comments 
must be received by the Antitrust Division within sixty (60) days of 
the last publication of notices appearing in The Wall Street Journal 
and Advertising Age and will be filed with the Court by the United 
States. Comments should be addressed to J. Robert Kramer, II, Chief, 
Litigation II Section, Antitrust Division, U.S. Department of Justice, 
1401 H Street, NW., Room 3000, Washington, DC 20530 (telephone: 202-
307-0924). Comments may also be sent via electronic mail to 
[email protected] or faxed to the attention of Allen Grunes at 
202-514-7308.

Dorothy B. Fountain,
Deputy Director of Operations.
[FR Doc. 02-16923 Filed 7-5-02; 8:45 am]
BILLING CODE 4410-11-M