Media24 appeals against tribunal’s predatory pricing finding
MEDIA24 has appealed against the Competition Tribunal’s finding that it used predatory pricing to drive an independent community newspaper out of business in the Welkom market.It has also appealed against the tribunal’s order that Media24 provide 90-day credit facilities for the printing and distribution needs of current and new entrants into the market.Competition Commissioner Tembinkosi Bonakele said he was surprised and disappointed by Media24’s decision to appeal. He said the commission intended to cross-appeal on the remedies. He noted the tribunal’s remedy was a toned-down version of the remedies the commission had sought. The commission had sought an interdict preventing Media24 from publishing other titles in the Goldfields area for six years. It called for Media24 to sponsor a rival to the tune of R10m.Media24’s decision to appeal the finding that it used predatory pricing is based on detailed economic arguments and challenges the appropriateness of the tribunal’s use of av...
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