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Latin American Economy & Business - January 2014 (ISSN 1741-7430)
PERU: A media war in the making?
The media in Latin America is both a business like any other, but also the focus of conflicting political attentions and pressures because of its importance to freedom of expression and democratic values. Governments have sometimes sought to limit media market dominance: cynics say they may be more interested in trying to get favourable coverage from the market leaders. Mexico last year reformed the telecommunications industry with new regulations designed to limit market shares held by the likes of Carlos Slim’s América Móvil and TV broadcasters Televisa and TV Azteca. In Argentina, after years of constitutional argument in 2013 the government finally secured approval of its new media law, which forces the break-up of the powerful Grupo Clarín. Now, it may be Peru’s turn, with Grupo El Comercio, which dominates the newspaper market, under scrutiny.
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