Claxson sells off some parts.Venezuela-based Claxson is selling its Chilean radio subsidiary to Spain-based Prisa Group's Grupo Latino de Radiofusion. The sale, worth the equivalent of $75 million, comes on the heels of the sales of seven of Claxson's TV channels to Turner Broadcasting System Turner Broadcasting System, Inc. (often abbreviated TBS Networks or TBS, inc.) is the company managing the collection of cable networks and properties started by Robert Edward "Ted" Turner from the mid-1970s to the late-1990s. , and is part of a larger restructuring to take Claxson private. Claxson, a multimedia company with offices in Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. and Miami, distributes branded entertainment Branded Entertainment, also known as Branded content or Advertainment, is the combination of an audio-visual program (TV, radio, podcast, etc.) and a brand. It can be initiated either by the brand or by the broadcaster. content to Spanish and Portuguese audiences with a programming catalog that includes shows for pay-TV, broadcast TV, radio, Internet and mobile phones. Markets include the U.S., Mexico, Argentina, Chile, Brazil, Spain and Portugal. Claxson's main shareholders are Venezuela's Cisneros Group The Cisneros Group of Companies is one of the largest, privately held media, entertainment, telecommunications and consumer products organizations in the world. The Group owns or holds interests in companies ranging from broadcast television, networks and pay television businesses , and private equity firm HM Capital--formerly Hicks, Muse, Tate & Furst. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion