Shadowy ad cartel that targeted conservative news outlets faces at least 2 possible state Republican AG probes

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Today's Business Headlines: 7/12/24

At least two Republican state attorneys general are weighing possible legal action against members of a shadowy cabal that reportedly controls 90% of global marketing spending following

The committee will release more reports and potentially hold more hearings detailing its findings as the investigation proceeds, the sources added.“Just because they haven’t been targeted yet doesn’t mean they shouldn’t expect something,” one House GOP source who requested anonymity told The Post. “It’s definitely not over.”.

Potential involvement the DOJ is a long shot and would likely require one or states to craft a compelling argument, he added.“We need to clarify a few things in the report, but I think it gives a good framework by which state AGs can enact subpoenas against GARM and potentially these other companies to get a better sense of how GARM works, how GARM makes decisions,” Thayer said. “Then, they can construct a case around anticompetitive effects.

“Thanks to this congressional report, we see there was direct correspondence with GroupM talking about excluding conservative outlets,” Gable said.“GDI may be self righteously fighting a good fight like the progressive wing of the Democratic Party, but they’re overly biased with a partisan agenda and they were not trustworthy,” Gable said.

In Oct. 2021, Rakowitz and John Montgomery, a former executive vice president of global brand safety at world’s largest media buying agency GroupM, “discussed a strategy of blocking certain news outlets like Fox News, The Daily Wire, and Breitbart News,” the report states. Rep. Matt Gaetz, a member of the House Judiciary Committee, pushed for a crackdown on GARM in a statement to The Post.

 

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