Valassis, News Corp. Reach Settlement on Lawsuit

NEW YORK—News Corp. announced it has settled with Livonia, MI-based Valassis Communications for $500 million in a lawsuit filed against the company’s News America Marketing (NAM) unit that was scheduled to go to trial in a Michigan federal court last Tuesday. The settlement also covers the $300 million Valassis was awarded in July in a Michigan circuit court that is currently on appeal and a pending state court case in California.