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News Corp. Pays $125 Million to Settle Insignia Suit

A News Corp. unit will pay $125 million to Insignia Systems Inc. to settle a lawsuit claiming it disparaged its rival and broke antitrust law while attempting to dominate the U.S. in-store advertising market.

The accord announced today ends a trial that began in federal court in Minneapolis yesterday. Insignia was seeking triple damages on its antitrust claim, alleging that it lost hundreds of millions of dollars as a result of anti-competitive behavior by the News America Marketing unit.