Lorain Journal Company v. United States
United States Supreme Court
342 U.S. 143 (1951)
Relevant factsFree
The Journal (defendant), the only daily newspaper in Lorain with 99 percent household circulation, adopted a policy denying advertising space to any local business that also advertised with the newly launched radio station WEOL, knowing local businesses needed the Journal's advertising and that WEOL depended on advertising dollars as its main revenue source; the district court found this an attempt to destroy WEOL and monopolize local advertising, and enjoined the practice.
IssueFree
Whether, if a firm with existing monopoly power uses its market power to destroy a new competitor, the firm commits attempted monopolization in violation of § 2 of the Sherman Act.