However, mounting evidence suggests the passage of the Act was less about protecting editorial diversity within community newspaper markets than about inflating the profit margins of national newspaper chains. Arrangements similar to this allowed most medium-sized United States cities to have two daily newspapers until fairly recently. Congress responded to Citizens Publishing by passing the Newspaper Preservation Act (NPA) (15 U.S.C.A. Painter, William S. 1993. The agreement is based on the model joint operating agreement, and reflects the latest amendments made to that agreement with respect to dispute resolution: Model unit agreement 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. 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. The interest is not n… The two publications have a joint-operating agreement that will end later this year. Detroit Media Partnership is the result of a 100-year joint operating agreement between the Detroit Free Press and The Detroit News. Fink, Mark H. 1990. The model unit agreement has been prepared in cooperation with Norsk Olje og Gass and was approved by the Ministry of Petroleum and Energy in 2012. 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 Joint Operating Agreements were protected by the Newspaper Preservation Act of 1970 under the administration of President Richard Nixon. Its decision narrowed the scope of the failing-company defense. 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. § 1802 et seq.) in 1970. It called the joint operating agreement a “relic,” and derided Sun news offerings as “a stale combination of dated wire service stories” packaged with old staff reports and photos. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. He reversed himself upon receiving a letter from Richard E. Berlin, CEO of the Hearst chain of newspapers and magazines. Two or more gas and oil operators can enter into a JOA to share the risk and expense of gas and oil exploration. Under the NPA the attorney general may grant limited exemption from antitrust laws by approving a JOA. JOAs have been questioned as providing a means of avoiding antitrust problems. JOAs are used in the newspaper, health care , gas and oil, and other industries. A joint entity to perform these functions was created, with equal representation on its board from both papers. Religious hospitals gain the benefits of a hospital network and still retain their religious affiliation. “It is well-known that this is a challenging time for the print newspaper industry,” the court filing states. The two publications have a joint-operating agreement that will end later this year. 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. Louisiana Law Review 53 (September). The two publications' joint-operating agreement will also end at the end of the year. The demise of the San Francisco agreement leaves 12 joint operating agreements from York, Pa., to Honolulu. In practice two daily newspapers published in the same city or geographic area combine business operations while maintaining separate—and competitive—news operations. Describe the main clauses contained with joint operating agreements and production sharing contracts. One party is given responsibility for day-to-day operations, often charging back expenses to the other participants in the JOA. It is the agreement that hands over and transfers a certain interest in a property to another person. 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. Form Joint Operating Agreement has served the industry well, but as the oil industry evolves so must the form. In 1965 the Justice Department questioned the legality of JOAs by issuing charges of antitrust violations to two publishers of daily newspapers operated under a JOA in Tucson, Arizona. 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