Bloomberg News

Argentine Court Rules Clarin Suspension of Asset Disposal to End

May 22, 2012

Argentina’s Supreme Court said today that a suspension of legal limits on media ownership, which may force Grupo Clarin SA to sell assets, will end Dec. 7.

Clarin, the country’s biggest media company, in December 2009 won a court suspension of an article of a media law approved two months earlier that would force it to dispose of some holdings. The Supreme Court today said the suspension lasts 36 months, ending in December, according to the Center of Justice Information website.

President Cristina Fernandez de Kirchner, who backed the bill, said in 2009 that Clarin holds 73 percent of Argentina’s radio, television and cable licenses.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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