An Argentina high court defended its decision to uphold legislation that will result in the breakup of the nation’s largest media conglomerate Clarin, denying accusations that the federal government influenced the Supreme Court to uphold the law.
The head of the Supreme Court, Ricardo Lorenzetti, told media Wednesday that the court “has not made a pact with anyone” regarding its decision to uphold the 2009 legislation as constitutional.
The law, which has earned controversy, will require Clarin to divest some of its most successful cable television businesses as part of an antitrust clause to the law.
Clarin said it is reviewing the Supreme Court’s decision and has not yet filed an appeal.
Full content: Yahoo Finance
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