Irish newspapers in price-fixing probe

AN INVESTIGATION into alleged price fixing by The Irish Times and the Irish Independent has resulted in both newspapers agreeing to change their contracts with retailers.

The newspapers will also make clear on their front pages that their cover prices are recommended retail prices only. Retailers will be free to sell either title at a higher or lower price if they wish.

The Competition Authority, which polices anti-competitive practices, said the newspapers would escape court action if they agreed to the moves.