Claxson Agrees To Sell Chilevision.

Claxson Interactive Group Inc. announced it has signed an exclusivity agreement with Bancard, S.A, a company related to the Chilean businessman Sebastian Pinera, to sell its Chilean TV network, Red de Television Chilevision S.A. Completion of the sale is conditioned upon, among other things, satisfactory completion of diligence by the proposed buyer, negotiation of a definitive purchase and sale agreement, and receipt of regulatory approval. The exclusivity agreement contains confidentiality provisions which prohibit disclosure of the proposed terms of the transaction.