The two publications have a joint-operating agreement that will end later this year. The Nixon Administration supported the Act's passage, and in the 1972 Presidential Campaign, every Hearst newspaper endorsed Nixon for reelection. Indeed, some commentators, noting the expansive protection for operators in the wake of the decision, even questioned whether joint operating agreements still made sense for the other, non-operator parties.4 [3] By quietly and informally taking on some behaviors of a cartel, large newspaper chains were able to sustain artificially high profits while driving independent newspapers out of business (or forcing them to sell their stake to a chain). It exempted newspapers from certain provisions of antitrust laws. This exemption stemmed from the observation that the alternative is usually for at least one of the newspapers, generally the one published in the evening, to cease operations altogether. Its decision narrowed the scope of the failing-company defense. American Law Institute–American Bar Association SB51 (February). For example, a Catholic hospital entering into a JOA can maintain its stand against Abortion and continue its individual programs for treating people who are poor. Apply the accounting procedures set out in joint operating agreements and production sharing contacts; Prepare cash call request, joint … The Deseret News will also have a monthly magazine. From 1983 to 2009, the Times and Seattle's other major paper, the Hearst-owned Seattle Post-Intelligencer, were run under a "Joint Operating Agreement" (JOA) whereby advertising, production, marketing, and circulation were controlled by the Times for both papers. The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. 1989. The two newspapers serving Salt Lake City and other parts of Utah have announced that they will switch from daily to once-a-week print editions early in 2021. Classified advertising sales were consolidated, as were distribution agents. In the health care industry, hospitals may form a JOA to provide a stronger financial structure. The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. The JOA, also known in this industry as a virtual merger, allows the hospitals to retain separate boards of directors but turns over management to a separate company. All the parties share in the financial risks of the joint operation and gain the potential for an increased market presence and thus increased profits. He reversed himself upon receiving a letter from Richard E. Berlin, CEO of the Hearst chain of newspapers and magazines. SALT LAKE CITY -- For 68 years Utah's citizens have enjoyed the benefits created by a joint operating agreement (JOA) between the Deseret News and The Salt Lake Tribune. Any contract, agreement, Joint Venture, or other arrangement entered into by two or more businesses in which the operations and the physical facilities of a failing business are merged, although each business retains its status as a separate entity in terms of profits and individual mission. Their agreement became typical of the type—both papers were printed on the same presses at different times of day. Joint Operating Agreements were protected by the Newspaper Preservation Act of 1970 under the administration of President Richard Nixon. The demise of the San Francisco agreement leaves 12 joint operating agreements from York, Pa., to Honolulu. * Chief Counsel, Exploration and International, Oryx Energy Company; B.A., New York University of Pennsylvania Law Review 138 (November). It argued that the Sun doesn’t meet a “contractual obligation to produce a high-quality metropolitan print newspaper.” Wall, Guy E. 1992. The Newspaper Preservation Act was touted as a relief measure to allow multiple newspapers competing in the same market to cut costs, thus ensuring that no one paper could have supremacy in the market by driving the other(s) out of business. In Salt Lake City, both newspapers will continue to publish breaking stories online every day. In practice two daily newspapers published in the same city or geographic area combine business operations while maintaining separate—and competitive—news operations. “It is well-known that this is a challenging time for the print newspaper industry,” the court filing states. The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). Painter, William S. 1993. Each news organization’s website operates outside the joint operating agreement. The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. Detroit College of Law Review 1990 (spring). The first joint operating agreement was between Albuquerque Tribune (then the New Mexico State Tribune) and the Albuquerque Journal in Albuquerque, New Mexico, signed on February 20, 1933. A joint entity to perform these functions was created, with equal representation on its board from both papers. The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. 2d 148 (1969), even though the newspapers used the failing-company defense, the Supreme Court upheld findings of antitrust violations. Steel, Robbie. 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