Clear Channel and JCDecaux investigated by Office of Fair Trading
The Office of Fair Trade (OFT) today published its study into outdoor advertising, looking at potential barriers to entry and expansion for media owners.
The OFT has contacted both media owners to explain that there are reasonable grounds for suspecting that the agreements restrict competition, within the meaning of the Competition Act 1998 and/or Article 101 of the Treaty on the Functioning of the European Union.
The investigation is at an early stage however, with the OFT stating “no assumption should be made that any of the agreements infringes competition law”.
The full OFT market study into outdoor advertising is available here.