Página/12
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Página/12 is a newspaper based in Buenos Aires, Argentina. It was founded on May 25, 1987 by journalist Jorge Lanata.
The newspaper is left-leaning and fiercely supportive of the Kirchner government. It is suspected of belonging to the Clarín Group[citation needed], which owns Argentina's leading newspaper and the top-rated 24-hour news channel, TN Noticias.
Two of Pagina/12's leading writers are the internationally-renowned investigative journalist and author Horacio Verbitsky and the poet Juan Gelman.
In 1988 the Clarín group, accused of being monopolistic by some, undertook an expansion in the Argentina media. The group bought Pagina/12, Radio Mitre, and obtained Canal 13, exchanging favors with Argentinian government at the time, monopolising soccer transmissions, taking southern and northern mobile phone communications, and bought hundreds of cable TV companies, dominating one of the biggest periodistic national companies, obtained 800.000 cable customers, influenced the government to get favors from the official agency Telam - which until 1996 handled all advertisement from public organizations -[citation needed].
December 27th 1999, The Clarín Group and Goldman Sachs, a leading investment firm, subscribed an investment agreement where the group, managed by Goldman Sachs, made a direct investment in Clarín Group. The operation implied an increase of capital to the Clarín Group and the incorporation of Goldman Sachs as minority partner, with a participation of 18% of the stocks.
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