00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Newsmax has filed an antitrust lawsuit against Fox News in a Florida federal court, according to the BBC.
00:08Lawsuit claims Fox News used its market power to pressure TV providers into limiting rival conservative channels.
00:14Newsmax lawyers allege Fox News has used an exclusionary scheme to maintain dominance in the U.S. right-leaning paid TV news market.
00:21Fox News spokesperson said Newsmax is suing to distract from its own inability to attract viewers.
00:26Lawsuit alleges Fox News engaged in exclusionary tactics, including restrictive content deals, financial penalties, intimidation of guests, and targeting Newsmax executives.
00:36Suits seeks a court ruling declaring Fox News actions unlawful, blocking future exclusionary contracts, and awarding monetary damages.
00:43For all things money, visit Benzinga.com.
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