The plan envisaged the establishment of a public-private newsprint manufacturing facility that could substitute imports of the staple which, excluding Papelera Tucumán, accounted for practically the entire annual demand of over 340,000 metric tons;[5] the nation's 179 news dailies had a combined circulation of nearly 4.3 million in 1970, the second-largest in Latin America, and the highest on a per capita basis.
[5] Civita and Editorial Abril sold their shares in late 1973 to a consortium led by banker and developer David Graiver who, through partner Rafael Ianover, became the firm's largest private shareholder.
[10] His widow, Lidia Papaleo, returned to Argentina on September 16,[11] and was enjoined by the newly installed dictatorship to sell her family's stake in Papel Prensa, as was Ianover.
[11] Papel Prensa, which at the time was not operational, received a significant injection of capital during a period of state receivership that ended in January 1978, and on September 27, its San Pedro facility was inaugurated, substituting around US$90 million annually in newsprint imports.
[21] Her brother, Osvaldo Papaleo, reiterated claims that the sale of Graiver's Papel Prensa shares was arranged under pain of death, and that ulterior motives explained the recent retractions.
[22] A joint declaration by Clarín and La Nación dismissed these reports, pointing out that the kidnappings and the Papel Prensa sale had already been investigated after the restoration of democracy in 1983.
[23] Bartolomé Mitre (director of La Nación) and Héctor Magnetto (CEO of Clarín) accused the Secretary of Human Rights of tampering with the 1988 judicial ruling, adding new lines absent in the original copy to suggest favoritism by the Junta for the benefit of their newspapers.
[24] A line in the original document, for instance, that said "The problem with the price, however, is intrascendent to the scope of this body, and besides, it was accepted by the sellers -The Gravier Group- and has only been mentioned to prove the hurry to negotiate" was claimed by Mitre and Magnetto to have been amended by surreptitiously turning a period into a comma, and by adding "and the existence of a single buyer imposed or chosen by the national authorities."
[29] This would allow the government to increase its holdings of company stock, purchasing a majority stake and thus obtaining the control of Papel Prensa; the bill aims to regulate the import of paper as well.