Argentine journo-lawyer Daniel Hadad today Wednesday launched news feevee Canal 5 de Noticias (C5N), his first major venture since selling Buenos Aires TV broadcaster Canal 9 this year.
C5N has carriage on Cablevision, Multicanal and other cablers, reaching 90% of the more than 5 million cable homes in Argentina, and on satcaster DirecTV in Latin America.
It will compete with local news nets Cronica TV, TN TodoNoticias, America24 and Canal 26.
Hadad plans to extend C5N, which is modeled after Rupert Murdoch-backed Sky News, throughout Latin America, except Brazil.
Last January, Hadad sold 80% of Canal 9 to Mexican TV mogul Angel Gonzalez for an estimated $70 million, retaining 20% and editorial and news control.
Hadad will use staff from Canal 9 and his other media assets, such as leading radio broadcaster Radio 10, to supply content to C5N, including well-known commentators Marcelo Longobardi and Oscar Gonzalez Oro. He has invested an estimated $10 million in the startup of C5N.