VIMN to buy Televisión Federal for $345 millionStaff Writer | November 16, 2016
Viacom and Telefónica announced the acquisition of Televisión Federal, one of the main free-to-air channels in Argentina, by Viacom International Media Networks (VIMN).
Acquisition One of the most popular television networks
The transaction adds one of Argentina’s most popular television networks and biggest content producers to Viacom’s fast-growing portfolio of international TV networks and digital properties.
Telefe reaches 95% of all households in Argentina, a country of 43 million, and has attracted approximately 33% share of viewership year-to-date in 2016.
The network produces more than 3,000 hours of Spanish-language video content each year, including seven of the top 10 programs currently airing locally, and has a library of 33,000 hours of local content.
By combining Telefe with Viacom’s popular pay TV networks, which include MTV, Nickelodeon, Comedy Central and Paramount Channel, this deal further strengthens VIMN’s position in Argentina and Latin America. ■