UPFRONT

NEW YORK—News Corp. announced 
it has settled with Livonia, MI-based 
Valassis Communications for $500 million in a lawsuit filed against the company's News America Marketing (NAM) unit, which was scheduled to go to trial. Under the terms of the settlement, NAM will also enter into a 10-year shared mail distribution agreement with Valassis Direct Mail, a Valassis subsidiary.