MercoPress. South Atlantic News Agency

Argentina's main network Telefe with 26,8m subscribers sold to Viacom for US$345m

Viacom Inc, the owner of Comedy Central, Nickelodeon and MTV, said on Tuesday it had bought Argentine broadcaster Television Federal SA (Telefe) from telecom carrier Telefonica SAfor US$345 million in cash. The deal to buy the Spanish-language network and content producer is part of Viacom's plan to boost its presence in Argentina and Latin America. Read full article