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Argentina: Controversial legislation leads to media breakup for Clarin

 |  November 5, 2013

Media conglomerate Clarin proposed Monday to break up its operations into six companies following controversial legislation of Argentina’s media sector.

Reports say the law, which was upheld as constitutional by the supreme court last month, rules that companies cannot own more than 35 percent market share in any media category, which includes broadcast television, cable TV or radio. According to reports, Clarin’s market share includes a 41 percent control in radio, 38 percent in broadcast and 59 percent in cable television.

Now, the company said it has decided to break up its operations with the aim of keeping its most valuable licenses; authorities, however, said they would decide which licenses to auction off following an assessment of Clarin.

Full content: Rappler

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