By: E&P Staff
By settling a lawsuit brought by a group of independent carriers with a $1.5 million payoff, the St. Louis Post-Dispatch said Tuesday it would be in a better position to pursue its goal of taking back all its delivery routes.
“From our point of view, it was just good business sense to get this behind us, and, in our minds, it clears the road to make further route acquisitions in the future,” Post-Dispatch President and Publisher Terrance C.Z. Egger said in a conference call with media analysts.
The lawsuit was filed in Missouri Circuit Court by 33 independent carriers with contracts to service 44 home delivery routes for the Post-Dispatch. The lawsuit alleged breach of contract and tortious interference with certain contractual rights.
Over the years, the Post-Dispatch has been acquiring the rights to delivery routes. It now owns a little more than 70% of the routes, Egger said.