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113 S. Ct. 1505 <br />(Cite as: 507 U.S. 410, *430, 113 S.Ct. 1505, *'1517) <br /> <br />Page 13 <br /> <br />conclude that Cincinnati has failed to justify <br />that policy. The regulation is not a <br />permissible regulation of commercial speech, <br />for on this record it is clear that the interests <br />that Cincinnati has asserted are.unrelated to <br />any distinction between "commercial <br />handbills" and "newspapers." Moreover, <br />because the ban is predicated on the content of <br />the publications distributed by the subject <br />newsracks, it is not a valid time, place, or <br />manner restriction on protected speech. '431 <br />For these reasons, Cincinnati's categorical ban <br />on the distribution, via newsrack, of <br />"commercial handbills" cannot be squared <br />with the dictates of the First Amendment. <br /> <br />The judgment of the Court of Appeals is <br /> <br />Affirmed. <br /> <br />Justice BLACKMUN, concurring. <br /> <br />I agree that Cincinnati's ban on commercial <br />newsracks cannot withstand scrutiny under <br />Central Hudson Gas & Electric Corp. v. Public <br />Serv. Comm'n of N.Y., 447 U.S. 557, 100 S. Ct. <br />2343, 65 L.Ed. 2d 341 (1980), and Board of <br />Trustees of State University of N.Y. v. Fox, 492 <br />U.S. 469, 109 S. Ct. 3028, 106 L. Ed. 2d 388 <br />(1989), and I therefore join the Court's <br />opinion. I write separately because I continue <br />to believe that the analysis set forth in Central <br />Hudson and refined in Fox affords insufficient <br />protection for truthful, noncoercive <br />commercial speech concerning lawful <br />activities. In Central Hudson, I expressed the <br />view that "intermediate scrutiny is <br />appropriate for a restraint on commercial <br />speech designed to protect consumers from <br />misleading or coercive speech, or a regulation <br />related to the time, place, or manner of <br />*'1518 commercial speech," but not for a <br />regulation that suppresses truthful <br />commercial speech to serve some other <br />government purpose. 447 U.S., at 573, 100 <br />S. Ct., at 2355 (opinion concurring in <br />judgment). The present case demonstrates <br />that there is no reason to treat truthful <br />commercial speech as a class that is less <br />"valuable" than noncommercial speech. <br />Respondents' publications, which respectively <br />advertise the availability of residential <br /> <br />properties and educational opportunities, are <br />unquestionably "valuable" to those who <br />choose to read them, and Cincinnati's ban on <br />commercial newsracks should be subject to the <br />same scrutiny we would apply to a regulation <br />burdening noncommercial speech. <br /> <br />In Virginia State Bd. of Pharmacy v. Virginia <br />Citizens Consumer Council, Inc., 425 U.S. 748, 96 <br />S. Ct. 1817, 48 L.Ed. 2d 346 (1976), this Court <br />held that commercial speech "which does 'no <br />more than propose a commercial transaction'" <br />is protected by the First Amendment, id., at <br />762, 96 S. Ct., at 1825, quoting Pittsburgh Press <br />Co. v. Pittsburgh *432 Comm'n on Human <br />Relations, 413 U.S. 376, 385, 93 S. Ct. 2553, <br />2558, 37 L.Ed.2d 669 (1973). In so holding, <br />the Court focused principally on the First <br />Amendment interests of the listener. The <br />Court noted that "the particular consumer's <br />interest in the free flow of commercial <br />information ... may be as keen, if not keener <br />by far, than his interest in the day's most <br />urgent political debate," 425 U.S., at 763, 96 <br />S.Ct., at 1826, and that "the free flow of <br />commercial information is indispensable ... to <br />the proper allocation of resources in a free <br />enterprise system ... [and] to the formation of <br />intelligent opinions as to how that system <br />ought to be regulated or altered," id., at 765, <br />96 S.Ct., at 1827. See also Bates v. State Bar of <br />Arizona, 433 U.S. 350, 364, 97 S.Ct. 2691, <br />2699, 53 L. Ed. 2d 810 (1977). <br /> <br />The Court recognized, however, that <br />government may regulate commercial speech <br />in ways that it may not regulate protected <br />noncommercial speech. See generally Virginia <br />State Bd. of Pharmacy, 425 U.S., at 770-772, 96 <br />S. Ct., at 1829-1831. Government may <br />regulate commercial speech to ensure that it is <br />not false, deceptive, or misleading, id., at 771- <br />772, 96 S.Ct., at 1830-1831, and to ensure that <br />it is not coercive, Ohralik v. Ohio State Bar Assn., <br />436 U.S. 447, 457, 98 S. Ct. 1912, 1919, 56 <br />L.Ed.2d 444 (1978). Government also may <br />prohibit commercial speech proposing <br />unlawful activities. Pittsburgh Press Co. v. <br />Pittsburgh Comm'n on Human Relations, 413 U.S., <br />at 388, 93 S. Ct., at 2560. See Bates v. State Bar <br />of Arizona, 433 U.S., at 384, 97 S.Ct., at 2709. <br />[FN1] To permit government regulation on <br /> <br />Copr. © West 2001 No Claim to <br /> <br />Orig. U.S. Govt. Works <br /> <br /> <br />