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Argentine govt OK's media group's breakup plan
Argentine broadcast regulator approves breakup plan for leading media group
Associated Press
2014-02-18 06:01 AM

BUENOS AIRES, Argentina (AP) -- Argentina's broadcast media regulator has approved a plan to break a leading Latin American media group into six parts. It's a long-awaited victory for President Cristina Fernandez in her campaign to weaken Grupo Clarin.

Regulator Martin Sabbatella says "it's the beginning of the end" for media monopolies in Argentina.

Clarin now has 30 days to present separate buyers that meet government approval for each of the group's six parts.

Sabbatella says the government will defend Clarin's right to inform and make opinions, but not its capacity to "impose itself like an economic and monopolistic giant to manipulate public opinion and put conditions on the democracy."

Grupo Clarin was preparing a response to Monday's announcement.

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