Paramount pursues LatAm divestment with Chilevisión sale
Latin Lawyer Editorial Team
03 December 2025

Carey in Santiago and Bruchou & Funes de Rioja in Buenos Aires have helped Vytal Group, the investment company owned by Argentine media executive Tomás Yankelevich, acquire the Chilevisión broadcast network from US media company Paramount Skydance.

Arnold & Porter in New York, FerradaNehme in Santiago and Cariola, Díez, Pérez-Cotapos in Santiago advised Paramount on the sale.

Latin Lawyer understands that Argentine firm Casanova, Mattos, Salvatierra & Feser also advised Vytal, while Bomchil in Buenos Aires acted for Paramount, but could not confirm this before publishing.

The deal was signed on 14 November for a confidential amount.

Through the sale, Vytal will acquire Paramount’s entire shareholding in the entities that control Chile’s free-to-air television network Chilevisión. Yankelevich will oversee the business alongside fellow Chilean executives Edgar Spielmann and Jorge Carey Carvallo, who will step back into his former role as CEO. The new network head is the son of Jorge Carey Tagle, the former chairman of the law firm Carey, which advised on this deal.

The transaction is the latest in Paramount’s broader divestment strategy, through which it has already retreated from Latin America. In October, the US media group exited Argentina by divesting its Telefé subsidiary to a holding company owned by Gustavo Scaglione and José Luis Manzano, in a deal that also called on Arnold & Porter and Bomchil.

Counsel to Vytal Group

Carey

Partners Salvador Valdés, Manuel Alcalde, and José Pardo, counsel Eduardo Martin, and associates Angélica De la Carrera, Vicente Yubini, José Tomás Álvarez, Felipe Hinzpeter, Benjamín Vico, Fernanda Gabor and Pedro Burstein in Santiago

Bruchou & Funes de Rioja

Partner Mariano Luchetti and associates María Gulias and María Bourdieu in Buenos Aires

Counsel to Paramount Skydance Corporation

Arnold & Porter

Partners Marina Richter and Carlos Lobo, and associates Claire Frost, Kristen Acosta, Jacob Saracino, Noel Abdala-Arata and Ally Krenos in New York

FerradaNehme

Partner Mabel Ahumada, director Sebastián Morales and associate Isidora Álvarez in Santiago

Cariola, Díez, Pérez-Cotapos

Partners Francisco J Illanes, María Paz de Carcer, Ignacia López, and Carolina Flisfisch, and associates Cristóbal Morales, Brian Bustos, Sergio Balharry, Sofía Flores, Javier Molina and Glen Rybertt in Santiago