Home Page : Archive News : August 2016 News : UPDATE 2-Argentina's Clarin spins off cable TV unit, shares up 6 pct | |
UPDATE 2-Argentina's Clarin spins off cable TV unit, shares up 6 pct | |
August 18, 2016 BUENOS AIRES, Aug 17- Shares of Grupo Clarin, Argentina's biggest media conglomerate, rose on Wednesday after saying it plans to spin off its Cablevision subsidiary as the group prepares for growth and greater competition in the local cable TV sector. The creation of Cablevision Holding SA, announced late on Tuesday, is subject to approval by Clarin... Source: http://www.cnbc.com/2016/08/17/reuters-america-update-2-argentinas-clarin-spins-off-cable-tv-unit-shares-up-6-pct.html |