News Corp. Settles with Valassis Communications for $500 Million

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. In addition, the judge will issue a permanent injunction related to certain business practices at issue in the lawsuits.

“It has become evident to our legal advisors from pre-trial proceedings over the past couple of weeks that significant risks were developing in presenting this case to a jury,” said News Corporation Deputy Chairman, President and Chief Operating Officer, Chase Carey. “That, coupled with concerns over the venue, led us to believe it was in the best interests of the company and its stockholders to agree to a settlement.”