President Sebastián Piñera, who took power in March, agreed on 15 May to sell his TV Station, Chilevisión, to a local investment group for $130m USD. One of Piñera’s campaign promises was that he would divest his business holdings, including Chilevisión. According to local media reports, the Clarín Group offered $10m more than the local fund, but Piñera rejected the offer to avoid political conflicts with the Argentinian government of Cristina Fernández de Kirchner, which has a tense relationship with the company.