Most publishers got what they wanted, for a change: Quad and LSC announced Tuesday morning that they have mutually agreed to terminate their merger agreement rather than wait on the trial scheduled for mid-November in the DOJ’s antitrust suit seeking to block the deal. “The parties have determined that the added delay, uncertainty and cost of legal challenges would have likely eroded a considerable amount of the expected benefits of the merger.” The deal was first announced in late October 2018. As a result, Quad will pay their once-again rival and top competitor a $45 million break-up fee. And LSC […]
