YPF military coup against Yrigoyen backed by, among others, foreign oil interests. YPF was privatized in 1993 and bought by the Spanish firm Repsol S.A. in 1999; the resulting merger produced 'Repsol YPF'. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol. The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important
Presidency of Cristina Fernández de Kirchner owner of video cable networks, multiple TV Channels, radio stations, the main newspaper, and—through most of a decade before 2010—had a monopoly on Argentine football broadcasts: it is thus so-called opinion-former. By 2010 it was obvious to independent sources that the traditionally major news media were in a direct conflict with the government, often reporting misleading Information. In April 2008, Kirchner received a stern public rebuke from the Argentine media owners Association (Spanish: "Asociación de Entidades Periodísticas Argentinas", or ADEPA) for having publicly accused the popular cartoonist Hermenegildo Sábat of behaving like a "quasi mafioso". In addition, a government proposal