Viacom Inc. buys TV network in Argentina

Discussion in 'International News' started by onthesea, Nov 3, 2016.

  1. onthesea

    onthesea AM Anchor

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    The financial service Bloomberg has cleared up the rumors, and reports today that Telefe, the "most watched network in Argentina" have been bought by Viacom in $400m.
    http://www.bloomberg.com/news/artic...buy-telefonica-s-telefe-for-about-400-million
    The first rumors began one month ago, but the press said that Telefe was bought by Turner, instead of Viacom.

    As an Argentinian, I don't know what's going to happen after this. The current schedule of Telefe is filled with telenovela reruns, talk shows, tabloid news programmes, and sporting events. And to be sincere, I hate the programming; there's no space for culture or decent information, most of the lineup is filled with entertainment without quality.
     
  2. YTownNewsGuy

    YTownNewsGuy News Director

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    What's up with Viacom buying broadcast networks? First, they buy Channel 5 UK, now this? At this rate, I wouldn't be surprised if Viacom attempts to merge with CBS. Also, I wonder which international broadcast network Viacom will buy next.
     
    #2 YTownNewsGuy, Nov 3, 2016
    Last edited: Nov 3, 2016
  3. Raymie

    Raymie Station Group CEO

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    The last time a foreign company bought an Argentina TV network, it was the sale of Canal 9 Libertad to Australia's Prime Television in 1998. That was an adventure that was poorly timed, led to the sacking of Prime's CEO, and was aborted within a few years.
     

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