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Comcast Settles Class Action Lawsuit for $50 Million

Comcast has agreed to pay $50 million in cash and services to settle a more than decade-old class action lawsuit challenging the practice of swapping and clustering cable systems (in the Adelphia, AT&T and other deals) on anti-trust grounds.

They alleged such clustering led to reduced competition, increased prices and incentivized it to deny access to regional sports nets.

That settlement will come in the form of $16,670,000 in cash and $33,330,000 in services to customers in its Philadelphia cluster of cable systems.

For the full story go to Multichannel.com.

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.