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

 |  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.

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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