30th Nov 2012 07:00
GRUPO CLARIN S.A.
Cablevisión S.A. fined under Consumer Defense Law
On 28 November 2012, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the National Direction of Domestic Trade had imposed a fine of AR$ 5,000,000 on its subsidiary Cablevisión S.A. ("Cablevisión") for alleged violation of Section 4 of the Argentine Consumer Defense Law. Such violation results from Cablevisión's alleged failure to provide accurate information to a claimant about the reasons why Cablevisión does not charge the price set forth under Resolution No. 36. Readers should be reminded that Resolution No. 36 is currently suspended pursuant to an injunction issued by the Federal Courts of Mar del Plata.
Enquiries:
In Buenos Aires:
Alfredo Marín/Agustín Medina Manson
Grupo Clarín
Tel: +5411 4309 7215
Email: [email protected]
In London:
Alex Money/Clare Gallagher
Temple Bar Advisory
Tel: +44 20 7002 1080
Email: [email protected]
In New York:
Melanie Carpenter/Peter Majeski
I-advize Corporate Communications
Tel: +1 212 406 3692
Email: [email protected]
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