Variety.com - Mogul Gonzalez buys 80% of Canal 9 - Exec takes stake of Argentine broadcaster

Posted on: January 23rd, 2007
Filed Under: [ Hispanic News ] [ Media ] [ Non-US News ]
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“Mexican TV mogul Angel Gonzalez has bought 80% of Argentine broadcaster Canal 9 for an estimated $70 million to build a production base for Latin America.

Based in Miami, the low-profile exec paid $30 million in cash and assumed Canal 9s $40 million debt, much of it in default and owed to studios.”

Source: http://www.variety.com
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