Chilean president sells television station to Time Warner

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  • August 25, 2010

By Ingrid Bachmann

Giant U.S. communications company Time Warner reached an agreement to purchase Chilevisión, the network of Chilean President Sebastián Piñera, for $140 million, reported La Tercera.

Chile's president had promised to get rid of Chilevisión before taking office last March, and he has received various criticisms -- from both the opposition and supporters -- for possible conflicts of interest. In June, the sell of the channel to a Chilean investment company fell through.

According to Emol, opposition Congress members said they finally unblocked passage of television bills and other items pending in the Senate, such as appointments to the National Television Council.

Note from the editor: This story was originally published by the Knight Center’s blog Journalism in the Americas, the predecessor of LatAm Journalism Review.