Argentina: Gustavo Scaglione acquired 100% of Telefe’s shares

The Argentine media holding led by Gustavo Scaglione announced the acquisition from Paramount of the total share package of Telefe (Televisión Federal S.A.), Argentina’s leading entertainment brand. “The acquisition of Telefe, a brand deeply rooted in Argentina’s cultural identity, marks the beginning of a new stage focused on growth and the integration of both organizations, with the goal of strengthening production and maximizing the competitiveness of the new multiplatform ecosystem we are building,” stated Gustavo Scaglione.

Telefe, with its diverse range of genres and formats, including entertainment, fiction, sports, news, and multiple business lines, continues to reach growing audiences through innovative experiences and remains the benchmark of entertainment in Argentina. Darío Turovelzky, who will continue serving as CEO of Telefe, said: “The arrival of Gustavo Scaglione provides us with a strong platform to scale our business. At Telefe, we are committed to continuing our leadership and creating content that inspires and connects with audiences. Staying true to our DNA, in this new phase we will keep pushing the boundaries of the industry to strengthen our ecosystem and consolidate an innovative management model that drives the development and growth of all the group’s brands.”

With this transaction, Scaglione completes one of the most significant deals in the local media and communications industry. The purchasing company, with the participation of José Luis Manzano, Integra Capital S.A., acted as the structurer and financial advisor for the operation. Scaglione is the owner of Televisión Litoral S.A. and La Capital Multimedios, which owns the historic newspaper La Capital of Rosario, two groups with major assets in television, radio, and print media across different regions of Argentina.

With the incorporation of Telefe, the holding consolidates itself as the most important in the country. It marks the beginning of a new stage that combines experience, talent, and vision to continue building a shared future of growth, achieving new goals, and creating value for all.