Viacom Buying Argentina's Televison Federal
Viacom will spend $345 million in cash to buy Televisión Federal, one of Argentina's most popular networks and content producers, it said in a news release Tuesday. Viacom will receive the Telefe network, eight channels in the nation's interior, the…
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Telefe Internacional pay-TV channel, 12 production studios, a library of more than 33,000 hours of content and the Mil Telefe and Telefe Noticias apps, as well as a stake in the UPlay multichannel network that Telefe co-founded.