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2mo ago

Paramount Sells Telefe to Argentine Group Led by Gustavo Scaglione

The closing returns the top broadcaster to local ownership at a reported sub-$100 million price, with CEO Darío Turovelzky staying on.

Gustavo Scaglione se quedó con Telefe, que tiene su estudio principal en Martínez
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El primer mensaje de Gustavo Scaglione, el nuevo Telefe a los trabajadores del canal: “Quiero transmitirles tranquilidad”
Telefe fue adquirido por accionistas del Grupo América.

Overview

  • Contracts were signed on October 23–24 after a months-long auction that narrowed to Scaglione and José Luis Manzano over bids from Alpha Media and a group led by Tomás Yankelevich.
  • The buyer consortium is led by Scaglione in association with Manzano and other Grupo América partners, with Integra Capital structuring and advising the transaction.
  • The deal includes Channel 11 in Buenos Aires plus stations in Córdoba, Rosario and Santa Fe, a network of affiliates nationwide, and Telefe Internacional, with several reports also citing three signals in Uruguay.
  • No sale price was officially disclosed, but local outlets report roughly $94–100 million, far below the $345 million Viacom paid in 2016.
  • Telefe announced continuity of operations, confirming Darío Turovelzky remains CEO and staff were promised an orderly transition, consistent with Paramount’s broader regional restructuring.