Media Fortune Fame & Folly

Viacom buys in Chile

ViacomCBS is to buy Chilevision from the AT&T-owned WarnerMedia, as the company expands in South America and Spanish language streaming. Chilevision has a 24% share of free-to-air viewing in Chile, covering sport, news and entertainment. ViacomCBS already has extensive TV interests across the region through its educational, free, premium and paid portfolio. Terms not disclosed.