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Original Clear Channel-Fairway deal anticompetitive, DOJ says in suit

( December 22, 2016, 16:30 GMT | Official Statement) -- MLex Summary: The original $150 million proposal by Clear Channel Outdoor Holdings and Fairway Media Group to buy each other's billboards in parts of the South and Midwest would have led to higher prices and lower-quality services for their customers, the US Department of Justice said in a lawsuit Thursday. The companies have agreed to sell 57 billboards to competitors in exchange for the DOJ's approval of their transaction....

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