NATIONAL NEWS - Primedia has denied allegations of price-fixing and fixing of trading conditions, saying it complied with the Competition Act.
Primedia is part of a group of 28 media companies that have been referred to the Competition Tribunal for prosecution.
The matter relates to an investigation that was initiated in 2011 which found the companies agreed to offer similar discounts and payment terms to advertising agencies.
Caxton, Independent Newspapers and DStv have already pleaded guilty and agreed to pay a fine.
“I can confirm that we received a referral of a complaint by the Competition Commission yesterday which is linked to the practice of paying media commission to advertising agencies,” says Primedia’s Geraint Crwys-Williams.
Primedia denies price-fixing
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Posted on: 15:12 Wed, 28 February 2018
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