Tax to max nets' pain in Spain

Hopewell, John; De Pablos, Emiliano
June 2009
Variety;6/8/2009, Vol. 415 Issue 4, p16
Trade Publication
The article reports that Spain's legislature has passed a law placing a 3 percent tax on the revenues of privately-owned broadcast television networks. The tax is designed to replace the advertising revenue lost by public television by an earlier law banning advertising on public broadcasts. Spain's television broadcasters saw sharp declines in revenue in the first quarter of 2009.


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