What is the Sherman Antitrust Act definition?
Definition. The Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace. The Sherman Act was amended by the Clayton Act in 1914.
In spite of this, during President Theodore Roosevelt’s “trust busting” campaigns at the turn of the century, the Sherman Act was used with considerable success. In 1904 the Court upheld the government’s suit to dissolve the Northern Securities Company in State of Minnesota v. Northern Securities Company. By 1911, President Taft had used the act against the Standard Oil Company and the American Tobacco Company. In the late 1990s, in another effort to ensure a competitive free market system, the Federal Government used the Sherman Act, then over 100 years old, against the giant Microsoft computer software company.
Why did Pompeo tweet about breaking up the 6 media giants? Because they're all 'State level' agencies now, holding no allegience to any nation, and transcending all borders.
'State level' facing Antitrust Action in 2020-2024:
As of 2019, 90% of the United States's media is controlled by five media conglomerates: Comcast (via NBCUniversal), Disney, Viacom & CBS (both controlled by National Amusements), and AT&T (via WarnerMedia).
They're getting busted up, so that we can finally receive content we actually want.