December 8, 2013
Clarín media group submits Media Law adjustment plan
External Communications Manager of Clarin media giant Martín Etchevers today announced the group submitted its plan to voluntarily adjust to the Broadcast Media Law "to the AFSCA and the Judiciary.”
According to Etchevers, "the group’s broadcast outlets will divide into six business units” in order to observe article 45 of the Media Law.
Clarin group explained "this is a decision forced by the circumstances" and added: “this adjustment is not implying, the abandonment of our principles, nor the failure in our rights, which will defend.”
Last week, the head of AFSCA media watchdog, Martín Sabbatella, had anticipated the Clarin Group would not be able to submit a voluntary plan as deadlines had expired, and instead affirmed its option was to “complete” the presentation Fintech, Cablevision minority shareholder, had made.
In statements to TN news network, Etchevers urged the AFSCA to give the Group “the same time given to other groups.”
Today’s presentation of Clarin Group was made at the same time the AFSCA was holding its first meeting after last Tuesday’s Supreme Court ruling declaring the Broadcast Media Law constitutional.
The AFSCA will have to decide whether it accepts Clarin presentation or not.
The following is a transcript of Clarin's presentation where it explains the six-unit division:
1) The first unit includes companies Arte Radiotelevisivo Argentino (ARTEAR), owner of Channel 13 license; Channel 12 from Córdoba; Channel 6 from Bariloche and TN news network (Todo Noticias). Also Radio Mitre, with its frequencies AM 790 and FM 100 in Buenos Aires, AM 810 and FM 102.9 in Córdoba, and FM 100.3 in Mendoza. Moreover, included in that unit, there are 24 TV local cable licenses of current Cablevisión, in cities where incompatibility with open TV does not exist.
2) The second unit will maintain most of Cablevisión and Fibertel operations. In it, Fintech fund will maintain 40% of the shares. This unit will add in 24 cable licenses which include Metro, a Buenos Aires City local channel.
3) The third unit will have 20 cable TV licenses of current Cablevisión.
4) Due to another serious defect of the law, broadcast signals (which does not use spectrum, can be created freely, generate production and give Argentine employment) must also be transferred. In this fourth unit, the rest of the signals in which the group participates are included: satellite Channel 13, Magazine, Volver, Quiero Música en mi Idioma, Channel Rural, TyC Sports and TyC Max.
5) In another unit, the following radio services will be included: FM licenses in the cities of Tucumán, Bariloche, Bahía Blanca and Santa Fe.
6) Another unit will include: open TV license of Channel 7 of Bahía Blanca and the participation of Channel 9 of Mendoza.