U.K. Competition Watchdog Fines Media Companies in Labor Probe -- Update

Dow Jones
03-21
 

By Adria Calatayud

 

The U.K.'s antitrust watchdog fined four sports broadcast and production companies $5.5 million, saying an investigation found they shared sensitive information about fees for freelance workers.

The Competition and Markets Authority said BT, IMG, ITV and BBC agreed to pay fines totaling 4.2 million pounds, taking into account discounts after the companies admitted to breaking the law and settled the case.

The BBC, BT, ITV and IMG said in separate statements that they cooperated with the CMA throughout its investigation. BT, ITV and IMG said they implemented measures to strengthen their competition-law compliance measures.

The BBC admitted liability for three of the infringements identified by the regulator, a spokesperson said.

Sky also admitted the conduct but wasn't fined as it was the first to report its involvement before the probe started, the CMA said.

The regulator said it found 15 instances where a pair of companies unlawfully shared sensitive information about pay with each other.

BT and IMG received the biggest fines, at 1.7 million pounds each, while ITV and the BBC received penalties of 339,918 pounds and 424,165 pounds, respectively, the CMA said.

 

Write to Adria Calatayud at adria.calatayud@wsj.com

 

(END) Dow Jones Newswires

March 21, 2025 08:10 ET (12:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10