The Argentine media group Clarin presented a plan Monday to divide its media assets into six different companies to comply with a controversial media antitrust law. The move was announced shortly after the head of the authority set up to enforce the law offered assurances that the group would be allowed to keep its most valuable TV and radio licenses.
Argentine media group Clarin SA was granted temporary relief on Tuesday from the government's effort to implement a media law that would force the conglomerate to sell some of its most profitable assets.
Argentina's government Monday began the process of auctioning off media licenses and related assets held by the media conglomerate Grupo Clarin SA. The move, which government officials say should take about 100 business days to complete, comes after a lower court judge ruled Friday that a three-year-old media law requiring Clarin to be dismantled is constitutional.
An Argentine Senator from the ruling coalition warned that judges who upheld an injunction request made by the media group Clarín on Thursday could be impeached.
President Cristina Fernandez and the Argentine Judiciary branch are on a collision course after a federal court, despite all kinds of pressure and threats, decided on Thursday to extend an injunction referred to a controversial media bill which seems targeted to dismember the powerful Clarin Media Group, which has become to the eyes of the regime enemy number one.