Foreign investment is limited to 30% of share capital and voting rights in newspapers, magazines, journals, and editorial businesses in general. The limit on the share of foreign investment is raised on a reciprocal basis for investor from countries that grant more liberal treatment to Argentine investors. 
"ARTICLE 2 - It is established, as of the entry into force of this law, that the ownership of the communication media, which are defined in article 3 of the same, must be owned by national companies, allowing the participation of foreign companies up to a maximum of 30% of the share capital and granting voting rights up to the same percentage of 30%.
Said percentage may be increased in reciprocity with the countries that contemplate foreign investment in their communication media, up to the percentage in which they allow it.
The following are not covered by the provisions of this standard:
a) The means of communication that on the date of entry into force of this law are owned or controlled by foreign natural or legal persons;
b) The contracts for the assignment of shares, quotas or the transfer of ownership of the license entered into prior to the effective date of this law, and which have not yet been approved by the competent bodies.
Cultural companies may not give up control over the contents of their production.
ARTICLE 3 - For the purposes of this law, the following are considered means of communication:
a) Newspapers, magazines, newspapers and publishing companies in general;
b) Broadcasting services and complementary broadcasting services included in Law No. 22,285;
c) Audiovisual and digital content producers;
d) Internet access providers;
e) Broadcasting companies on public roads.
ARTICLE 4 - For the purposes of this law, the following shall be understood as a national company:
a) Natural persons of Argentine nationality, and legal entities constituted, domiciled in the country and made up mainly of Argentine citizens.
b) Legal persons incorporated in the country or abroad, controlled directly or indirectly by individuals of Argentine nationality and domiciled in the country.
For the purposes of this law, a foreign company shall be understood as:
a) Natural persons of foreign nationality or;
b) Legal persons incorporated in the country or abroad controlled directly or indirectly by natural persons of foreign nationality.[...]" (Law No. 25.750 on the Preservation of Property and Cultural Heritage (18 June 2003), last amended by Resolution 8730/2021 of 10 June 2021, Articles 2, 3 and 4 [google translation])
Law No. 25.750 on the Preservation of Property and Cultural Heritage (18 June 2003), last amended by Resolution 8730/2021 of 10 June 2021, Articles 2, 3 and 4
[<a href="http://servicios.infoleg.gob.ar/infolegInternet/verNorma.do?id=86632">Law No. 25.750</a>]