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Violation Tracker Individual Record

Company: Hearst Corporation
Current Parent CompanyHearst
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $925,000
Year: 2005
Date: March 3, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Hearst agreed to pay $925,000 to settle multistate litigation alleging that its purchase of Medi-Span along with its ownership of First Databank gave it an illegal monopoly over drug information databases used by pharmacists and other health professionals.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: media
Specific Industry of Current Parent: media
Source of Data: Attorney General Suthers Announces Antitrust Settlement with One of the Nation's Leading Providers of Electronic Drug Information Databases, US States News, March 3, 2005 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.