TBS to acquire Claxson Interactive Pay Television Networks in LatAM.

Turner Broadcasting System, Inc. (TBS, Inc.), a Time Warner company, has reached an agreement with Claxson Interactive Group, Inc. to acquire seven pay television networks currently operating in the Latin American market, it was announced by Philip I. Kent, chairman and chief executive officer of TBS, Inc., and Roberto Vivo-Chaneton, chairman and chief executive officer of Claxson. The networks will be operated by Turner Broadcasting System Latin America.