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UPDATE: CCE To Appeal Jam Verdict

(CelebrityAccess MediaWire) —

A federal jury found on March 21 that Clear Channel Communications did not violate antitrust laws in its competition with Jam Productions. The case was the first time a jury was able to examine such allegations against Clear Channel in thorough detail.

"This jury's decision that Clear Channel did not violate antitrust laws sends a powerful signal to those who seek to wrongfully accuse us in the future," said Andrew Levin, executive vice president and chief legal officer of Clear Channel Communications.

"We are, of course, disappointed that the jury agreed with JamSports' other claim and failed to see this case for what it actually was — a disgruntled competitor that could not succeed in the marketplace and so took its case to a courtroom. We intend to vigorously appeal that decision and expect the appellate court to agree that Clear Channel's actions were within the law." — Bob Grossweiner and Jane Cohen