WASHINGTON, Jan 20 (Reuters) - The Sporting News, a media outlet owned by Microsoft Corp. <MSFT.O> co-founder Paul Allen, has agreed to a $7.2 million settlement of claims it promoted illegal gambling, a U.S. attorney said on Friday.
The company, which is known as Vulcan Sports Media Inc. and does business as The Sporting News, has paid $4.2 million to the United States as part of the settlement, according to the U.S. attorney's office for the Eastern District of Missouri.
The Sporting News, which runs a magazine, Internet site and radio network, also agreed as part of the settlement to conduct a three-year public service advertising campaign on illegal commercial Internet and phone gambling, valued at $3 million.
The government said between spring 2000 and December 2003, The Sporting News received fees for advertising in print, on the Internet and over the radio and knew the money it received were proceeds from illegal gambling.
An attempt to reach Vulcan Sports Media was not immediately successful.
Reuters...
The company, which is known as Vulcan Sports Media Inc. and does business as The Sporting News, has paid $4.2 million to the United States as part of the settlement, according to the U.S. attorney's office for the Eastern District of Missouri.
The Sporting News, which runs a magazine, Internet site and radio network, also agreed as part of the settlement to conduct a three-year public service advertising campaign on illegal commercial Internet and phone gambling, valued at $3 million.
The government said between spring 2000 and December 2003, The Sporting News received fees for advertising in print, on the Internet and over the radio and knew the money it received were proceeds from illegal gambling.
An attempt to reach Vulcan Sports Media was not immediately successful.
Reuters...
