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  HOME | Argentina

Telesur Weighs Response to Argentina’s Exit Plan

CARACAS – International broadcaster Telesur, which is based in Venezuela, said it was “studying a formal response” to Argentina’s plan to leave the media company.

“The Argentine State is leaving the #Telesur network @herlombardi announces on his Twitter account; #teleSUR is studying a formal response” to the move, the broadcaster said in a Twitter post, referring to Argentine Media and Public Content Minister Hernan Lombardi.

Lombardi said over the weekend that Argentina’s government had started the process of unloading its stake in Telesur.

“Our country had no role in the broadcaster’s content or in its management. This decision is in line with what we’ve decided with regard to public media in terms of plurality and austerity,” Lombardi told the Buenos Aires daily La Nacion.

Telesur tweeted that it “is not the custom of our multimedia (outlet) to carry reports without due confirmation.”

Argentina has a 16 percent stake in La Nueva Television del Sur, the company that owns Telesur and whose other shareholders are Venezuela, Cuba, Ecuador, Bolivia, Nicaragua and Uruguay.

Telesur was launched in 2005 by Venezuelan President Hugo Chavez, who died in 2013.

Argentina will be allowed to leave the broadcaster six months after officially announcing its exit.

Argentina joined Telesur under the January 2005 cooperation agreement with Venezuela.

 

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