InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Viacom Acquires Telefe, An Argentine TV Network Company for USD345 mn

Viacom - Insights Success

Viacom has acquired Television Federal, known as Telefe, one of the main free-to-air channels in Argentina for USD345 million in cash, said
“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,” said both the companies.
The transaction is expected to be accretive to its fiscal year 2017 earnings said Viacom.
Telefe has presence in 95% of all households in Argentina, which has attracted approximately a 33% share of viewership year-to-date of total population of 43 million, said Viacom.
More than 3,000 hours of Spanish-language video content gets produced by Telefe each year that includes seven of the top 10 programs currently airing locally.
“Telefe is an outstanding broadcast and production business, and this acquisition will accelerate our growth strategy in Argentina, one of the most advanced and valuable media markets in Latin America,” Bob Bakish, president and CEO of Viacom said.
“Viacom has an unrivaled track record of combining free and pay TV networks to deliver strong growth in high-value or high-growth markets, including in the U.K. and India,” added Bakish. “Working together with Telefe’s highly successful team, we can strengthen Telefe’s market-leading status in Argentina and expand its presence around the world using Viacom’s extensive global network, potentially reaching hundreds of millions of Spanish speakers across Latin and North America, as well as in other markets.”
Analysts, who have been waiting for Bakish’s first moves, appreciated the deal in mostly positive terms.

Previous Post

Feds present ways to make Internet of Things more secure

Next Post

Data Centre Technologies: An Innovative Quality Focused Pioneer

Next Post
Shaun Vosper | Founder & CEO | Data Centre Technologies - Insights Success

Data Centre Technologies: An Innovative Quality Focused Pioneer

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

Avalara
Recent News

Avalara Set to be Acquired by Vista Equity Partners for $8.4 Billion

Avalara Inc, one of the leading providers of cloud-based tax compliance solutions, revealed on Monday that it agreed to its...

Read more
Samsung

Samsung Launches One UI 5 beta in Galaxy S22 Smartphones

Virgin Galactic

Virgin Galactic Pushes the Start of Commercial Space Tourism Flights to Mid-2023

Paypal Plans

Paypal Plans $900 in Cost Cuts

Starbucks

Starbucks’ Earnings Beats Estimates

Path Breakers

Golden Helix

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff | Workforce Management

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson, CEO, GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.