Foreign participation is prohibited in audiovisual communication services, with the exception of joint-stock companies providing audiovisual communication services for subscribers, where foreign shareholding is allowed up to 49%.
"CHAPTER II - REGULATION FOR THE PROVISION OF AUDIOVISUAL COMMUNICATION SERVICES [...]
Article 104 (Requirements for individuals). Individuals aspiring to title or owners of an audiovisual communication service must meet, at least, the following requirements:
A) Be natural or legal citizens, in the exercise of citizenship.
[...]
Article 106 (Requirements of legal persons). Legal persons aspiring to owner or owners of an audiovisual communication service must meet, at least, the following requirements:
A) Be legally constituted in the country. [...]
C) Each partner or shareholder: with literals A), B) and G) of article 104 and article 105. [...]
E) Not having a corporate legal relationship or direct or indirect subjection to foreign audiovisual communication services companies.
F) Not to be affiliates or subsidiaries of foreign companies, nor to carry out corporate acts, contracts or agreements that allow a dominant position of foreign capital in the management of the legal entity licensee.
In the case of audiovisual communication services for subscribers, and when the owner is a joint-stock company, it will be admitted that the requirements established in literals A) and B) of article 104 and in literals E) and F) of this Article are complied with by shareholders who represent, at least, 51 (fifty-one percent) of the share capital and who grant voting rights up to the same percentage of 51% (fifty-one percent) provided that this does not mean transfer directly or indirectly control of the corporate will.
[...]
Article 107 (Exceptions to the requirements of legal persons).
The requirements established in literals A) and B) of article 104 and in literals D), E) and F) and the last paragraph of article 106, will not be applicable to those audiovisual communication services for subscribers whose holders have obtained the corresponding license prior to the effective date of this law.
Article 108 (Directors and administrators).
In all cases in which directors, administrators, managers or similar management personnel are appointed, in whom the authority and responsibility for the management and orientation of the audiovisual communication service is delegated, such persons must comply with the requirements established in paragraphs A) to C) and G) of article 104 and in article 105 of this law.[...]" (Law on Audiovisual Communication Services (No. 19.307 of 29 December 2014), last amended by Law No. 19.834 of 23 September 2019, Articles 104, 106-108 [google translation])
Law on Audiovisual Communication Services (No. 19.307 of 29 December 2014), last amended by Law No. 19.834 of 23 September 2019, Articles 104, 106-108
[<a href="https://www.impo.com.uy/bases/leyes/19307-2014">Law</a>]