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Viacom Inc. buys TV network in Argentina


onthesea

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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/articles/2016-11-03/viacom-said-to-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.

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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/articles/2016-11-03/viacom-said-to-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.

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.

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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.

 

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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