US media giant Viacom has confirmed it is buying Telefe, paying US$345 million for the Argentinian commercial free-to-air broadcaster. The deal has been in the works for months, with Viacom ultimately beating off rivals such as Turner to acquire the Telefónica-owned network. Viacom will pay Telefónica US$345 million in cash for the channel, which is […]
Time Warner and Viacom are the big-name media groups assessing offers to buy Argentinian free TV broadcaster, according to The Wall Street Journal. An offer of around US$400 million would entice current owner Telefónica to sell, the report claims. Time Warner already has a successful pay TV business in Latin America through its Turner and […]
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