Overview

• Argentine outlets report Gustavo Scaglione’s media holding is leading the bidding to acquire Telefe, with no official confirmation yet.
• Alpha Media, owned by Marcelo Fígoli, and an investor group led by Tomás Yankelevich are the other finalists.
• Paramount retained Quantum Finanzas, led by economist Daniel Marx, to manage the sale, with a verdict anticipated on October 6.
• The proposed deal would include Telefe’s Buenos Aires signal and interior stations such as Canal 8 Córdoba, Canal 5 Rosario and Canal 13 Santa Fe.
• Paramount’s expected price range of US$100–120 million is far below the US$345 million Viacom paid for Telefe in 2016.