Caracol Televisión is a Colombia

Colombia

Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

n private national television

Television

Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...

 network, owned by Julio Mario Santo Domingo

Julio Mario Santo Domingo

Julio Mario Santo Domingo Pumarejo was a Colombian businessman and patriarch of the wealthy Santo Domingo family. He was the son of Mario Santo Domingo and Beatriz Pumarejo...

.
Caracol Televisión started in 1954 when Organización de Radiodifusora Caracol

Caracol Radio

Caracol Radio is one of the main radio networks in Colombia. Founded in Medellín in 1948 when La Voz de Antioquia station acquired the 50% of Emisoras Nuevo Mundo, based in Bogotá....

 offered to afford national television costs, then state-run, through commercial spots. At that time its board (Fernando Londoño Henao, Cayetano Betancourt, Carlos Sanz de Santamaría, Pedro Navas, and Germán Montoya) started to suggest the possibility of establishing the first television station in Colombia.