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The news channel leads the charts for paid content TV in the Metropolitan Area of Buenos Aires. In 2018 it was only outperformed by TN, which is part of Grupo Clarín.

Since it became part of Grupo Indalo (2012), C5N has attracted the audience segment eager for content that criticizes Mauricio Macri’s administration. Its main star is host Víctor Hugo Morales, one of the most iconic football comentators and a strong defender of the policies implemented by former Presidents Néstor and Cristina Fernández.

Telepiu S.A. (C5N) has been undergoing insolvency proceedings since March 2018, when Oil Combustibles S.A. (an oil company from Grupo Indalo that is the channel’s controlling shareholder) filed for bankruptcy and its partners were prosecuted for tax evasion and sent to prison. The company has a monthly deficit of around $40 million (as of September 2018), according to a report by Telepiu’s Audit Committee.


Key facts

Audience Share


Ownership Type


Geographic Coverage


Content Type

Paid content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Grupo Indalo


Ownership Structure

C5N (Telepiu S.A.) belongs to Grupo Indalo. Telepiu S.A. is made up of the following companies: South Media Investment S.A. (81.59 %) and Screen Star S.A. (18.41 %). South Media Investment’s shareholders are Fabián De Sousa (96 %), Matías Garfunkel (2 %) and Sergio Szpolski (2 %).

Individual Owner

Media Companies / Groups

General Information

Founding Year


Affiliated Interests Founder

Daniel Hadad

He is one of the most important media business people in Argentina. In 1998, supported by Carlos Menem’s administration, he went from TV host to owner of Radio 10, a radio station that led audience ratings until it was sold in 2012. This radio station was bought by Cristóbal López, a businessman closely related to the Kirchner family. The deal included other companies from Grupo Hadad, including three FM radio stations and news channel C5N. Hadad owns Infobae, one of the most visited news websites in Argentina.

Affiliated Interests Ceo

Carlos Infante

He was a member of the staff of Radio Rivadavia between 1975 and 1984. He then took part in the reorganization of State-owned TV channel Argentina Televisora Color (ATC; today TV Pública Argentina). He was Director of Radio Del Plata in the 2000’s and, since 2013, he had held several positions at Grupo Indalo (institutional relations manager and general manager, among others).

Affiliated Interests Editor-In-Chief

Nicolás Bocache

He used to work as a producer of Minuto1, one of the channel’s most popular shows.
Verónica Aragona

Affiliated Interests other important people

Sebastián Patrone

Businessman with interests in the real estate sector, who is said to have business ties with the Werthein family, partner of Telecom, among other companies. Sergio Bartolomé Szpolski

http://After selling part of his media to Grupo Indalo in 2016 (Vorterix, El Argentino and CN23), both Szpolski and his partner, Matías Garfunkel (1.76%), became minority shareholders of former Grupo Veintitrés. In 2019 Szpolski’s main business interests


Olleros 3454, city of Buenos Aires. Postal code: 1427

TE: (54 011) 5555 0005



Financial Information

Revenue (in Mill. $)

Missing data

Operating Profit (in Mill. $)

Missing data

Advertising (in % of total funding)

USD 2,020,824.63 / $56,764,964 (2018 official advertising)

Market Share

Missing data

Further Information

Meta Data

Market share data were obtained from audience ratings by Ibope Kantar Media in the Metropolitan Area of Buenos Aires.
2018 official advertising data were provided by the Secretariat of National Communications.


Fontevecchia, Jorge (2018). "Periodismo y Verdad". Buenos Aires, Editorial Paidós.

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