Paramount Skydance to sell Chilevision to investor group
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Paramount Skydance has agreed to sell its shares in Chilevision to Vytal Group as part of its strategy to streamline its global portfolio and expand direct-to-consumer services in Latin America. The deal involves Argentine media executive Tomas Yankelevich, Jorge Carey, and Edgar Spielmann. Chilevision will continue operations under Paramount Skydance until regulatory approval in Chile. Additionally, Paramount Skydance plans to reduce its workforce by 1,600 jobs as it divests Telefe in Argentina.
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