Time Warner's TBS Completes Buy of Latin American Pay-TV Network

Authored by Mark Hefflinger on October 5, 2007 - 7:58am.

New York - Time Warner's cable television network Turner Broadcasting System announced that it has received formal approval from the Comision Nacional de Defensa de la Competencia in Argentina for the acquisition of seven pay television networks currently operating in the Latin American market.

The deals are valued at a total of $234 million.

Under the agreements, TBS is acquiring Fashion TV, HTV, Infinito, I.Sat, MuchMusic, Retro and Space.

In addition, TBS Latin America assumes sales representation rights for Claxson- and third party-owned networks in Latin America, and will provide related technical services to these networks, the company said.

 

Related Links:
http://www.turner.com



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Add image
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br><p> <b> <i> <img> <hr>
  • Images can be added to this post.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.