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Spain: Top Court rules $4 million Mediaset merger fine too big

By  |  September 30, 2015

Spain’s Supreme Court on Monday threw out an antitrust watchdog’s €3.6 million fine against Mediaset over a missed deadline in the merger of its Spanish channel Telecinco with another, ordering the fine be recalculated proportionally to the company’s actions.

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    The court ordered the country’s National Commission of Markets and Competition to set a new fine of no more than €1.8 million, axing the regulator’s original sanction against Italian company Mediaset SpA’s Spanish unit, Mediaset Espana Comunicacion SA, for allegedly missing a deadline.

    Full content: Reuters

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