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A
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18.
REGULATION OF FOREIGN OWNERSHIP OF PUBLICATIONS
There is no regulation hindering either foreign companies or
individuals from being owners of shares in commercial or civil organizations
that carry out activities of written journalism.
It is important to emphasize that, with respect to foreigners,
Article 20 of the constitution establishes, ?The foreigners enjoy
in the territory of the Nation all the civil rights of the citizens;
they can practice their trade, skill and profession; they can own
real estate, buy it and transfer it; they can navigate the rivers
and coasts; they can practice their cult freely; they can make a
testament and marry in accordance to the laws. They are not obligated
to become citizens, or to pay contributions that are forcefully
extraordinary. They can become nationalized citizens after residing
two continuous years in the Nation; but the authorities can shorten
this term in favor of anyone who requests it, alleging and proving
services to the Republic.?49
The development of the journalistic activity via written media
in the same locality is not regulated.
In accordance with Law 22,285,50 the Broadcasting
Law (among others, Article 43, section b), the number of radio and
television stations within the same locality is restricted, in order
to prevent interference of the corresponding signal from other radio
broadcasting stations.
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