 The company started to stabilize on July 30, 1959, when Bernabé Villegas, Adolfo Garino and Blas Calaro, among others, reorganized the company as "Télam Sociedad Anónima, Periodística, Radiofónica, Cinematográfica, Comercial, Inmobiliaria y Financiera" changing the legal constitution from a Limited liability company to an incorporated company (S.A.).A presidential decree signed by Arturo Frondizi authorized the new private company to work under the new legal framework.During the 1960s, Télam increased its clientele to include the four TV networks in Buenos Aires as well as major city newspapers such as "Clarín".