Venezuelan TV Giant Cisneros Said to Go Shopping in Argentina
By: Pablo Rosendo Gonzales
Cisneros Group of Cos., which controls Venezuelan network Venevision, is actively looking to acquire producers of video programming in Argentina, a person with direct knowledge of the situation said.
The Venezuelan group, which lost a bid last year to acquire Argentine broadcaster Television Federal SA, is seeking to bolster its output of TV shows through a deal in Argentina, which has long been a source of soap operas and dramas that are popular throughout the Spanish-speaking world and in markets such as Russia and Israel. An acquisition may surface in a matter of weeks, said the person, who asked not to be identified discussing private information.
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