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.
A self-styled independent, it is currently suspected of belonging to the Clarín Group [citation needed].
In 1988 the monopolic group Clarin begins its plan of total expantion over media in Argentina. It buys Pagina 12, Radio mitre and obtains Canal 13 exchanging favors with Argentinian goverment at the time, monopolising soccer transmissions, taking south and northern mobile phones communications, and buys hundreds of cable TV companies, dominating one of the biggest periodistic national companies, gets 800.000 cable customers, influences over the goverment to get favors from the official agency Telam -which until 1996 handled all advertisement from public organizations - December 27th 1999, The Clarín Group and Goldman Sachs, on of the leading firms in investment, 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 Clarin Group and the incorporation of Goldman Sachs as minority partner, with a participation of 18% of the stocks.