Posted: Oct 29, 2013 10:24 AM
Updated: Oct 29, 2013 10:25 AM
BUENOS AIRES, Argentina (AP) Argentina's Supreme Court has upheld the country's four-year-old broadcast media law, deciding that it's constitutional to force private news media groups to break themselves apart if they exceed newly imposed audience limits. The ruling is a huge victory for President Cristina Fernandez and a bitter defeat for Grupo Clarin, which has been a leading voice against the government.
Clarin is one of Latin America's largest media companies, with interests in newspapers, magazines, a nationwide television network and broadcast TV and radio stations. It would be forced to sell off its lucrative cable TV licenses once the law is implemented. The 2009 law strictly limits cross-ownership of media companies and says no TV network can command more than 35 percent of the nation's viewers.