Sporting News Settles Case Over Offshore Gambling Ads
January 23, 2006 at 9:48 AM (PT)
The SPORTING NEWS is paying $4.2 million in cash and $3 million in public service advertising to settle a case with the U.S. Attorney's Office over the paper's acceptance of ads for offshore gambling websites and phone services in 2000-2003. The company's radio properties are involved in both having taken the ads and providing PSAs against illegal gambling for the settlement. The PSAs will run over a three year period; the company paid the cash portion of the settlement last THURSDAY.
The company "places a priority on its responsibilities under the law and its commitments to its customers," CEO RICK ALLEN said in a statement. "We are pleased to resolve this matter and look forward to continuing to provide high quality sports content in our print, radio, and online business units."