Gustavo Scaglione (Televisión Litoral) acquires Telefe, a leading Argentine television station

Telefe, one of the most emblematic television channels in Argentina, has been sold by Paramount (Skydance Media) to Coastal Television, a holding company led by businessman Gustavo Scaglione.

Echelon, current owner of newspapers such as The Capital, stations like LT8 or FM of the Century, the different repeaters Telefe in Argentine provinces that were renamed to take on their own character, thus expanding its influence in the Argentine media ecosystem. The decision is part of the strategy of expansion and diversification of the holding company, which manages to expand its influence on what currently remains the most viewed channel in the country.

The transaction covers both Telefe's main headquarters in Buenos Aires as its three regional subsidiaries in Rosario, Santa Fe and Córdoba. In her own words Paramount, the movement “marks a significant change in the Argentine media landscape, as Telefe returns to local hands after years of international management.” Paramount had owned Telefe since 2016, when it bought the channel from Telefónica.

As confirmed by sources close to the operation, Telefe will face a new stage of growth and modernization under the management of Scaglione, who has declared that “it is a true honor and privilege that a company as prestigious as Paramount has trusted the group that leads the future of Telefe.” During the coming months, the holding company will promote a programming update, as well as various “technological innovation” initiatives and possible strategic alliances. will do it with Dario Turovelzky as CEO, who maintains his position.