Tuesday, July 02, 2002

Like Whoa...Two record companies are found guilty of price fixing. Think about that the next time you go to purchase a cd.

Two music companies that joined forces to sell recordings of the opera stars known as the Three Tenors illegally fixed prices, an administrative law judge ruled.

The judge ordered subsidiaries of the French corporation Vivendi Universal to stop its anticompetitive practices. The other company, Warner Communications, a unit of AOL Time Warner, reached an accord with the Federal Trade Commission last year.


0 Comments:

Post a Comment

<< Home