He acquired LV 12 Radio Aconquija in 1945, and two years later he moved to Buenos Aires.

He lost the channel when it was nationalized in 1974 and moved to Puerto Rico, where he acquired two radio stations.

Romay returned to Buenos Aires in 1983, when Raúl Alfonsín took power, and acquired back Channel 9.

He created Telearte S.A. to manage its programming, and the channel became Argentina's ratings leader for the rest of the 1980s.

In addition, he bought a Miami television station, WJAN, which later was run by his son Omar Romay.