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Caracol Radio

Caracol Radio belongs to the Caracol Network, which contains multi-country brands (i.e. present in several countries), has 8 radio systems, three of which belong to multi-country brands of the Spanish company Grupo Prisa. Caracol radio is currently broadcast in more than 30 cities of Colombia. Today it is estimated that Caracol Radio has a total of 13% of the audience in the country, according to the General Media Survey. It content is varied emphasizing news and opinion programs.

 

As a strategy of specialization, the Caracol Network gathers stations for specific focal public. Two out of ten radio networks are spoken radio: Caracol Radio and W Radio. The others are musical radio.

In 1945 the leaders of the Liberal Party, Alfonso López Pumarejo and Alfonso López Michelsen (both former presidents of Colombia) and owners of the El Liberal newspaper founded the Sociedad de Radiodifusión Interamericana, which 3 years later changed its name to Caracol Radio. At the beginning of 1986 the Bavaria S.A Business Group (of Julio Mario Santo Domingo) purchases the shares of some shareholders in Caracol after the strike of the labor union that produces an economic instability environment in the network. By then Bavaria has the 50% and the family of Fernando Londoño Henao and Alfonso López Michelsen 25% each.

As of 2003, a negotiation is made to transfer all the rights to Grupo Prisa. However, through an agreement of joint trademark, they decided to use the same name for both media, one for the radio and other for the television.

 

Key facts

Audience Share

12.9 %

Ownership Type

Private

Geographic Coverage

regional

Content Type

Free Content

Data Publicly Available

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

2 ♥

Media Companies / Groups

Promotora de Informaciones S.A. (PRISA)

Ownership

Ownership Structure

Through the companies Sociedad Española de Radio (77 % of shares in Caracol) and Inversiones Ferines S.A.S (14.4 %), the Grupo Prisa is the controlling owner of the Channel. 8.6 % of the shares belong to Inversiones Valmiera S.A.S y Cía en C.A. Its owner is Felipe Lopez Caballero, head of the Revista Semana S.A.

Voting Rights

No Data

Group / Individual Owner

Sociedad Española de Radiodifusión SL

The company belongs to Grupo Prisa

77%
Media Companies / Groups
Facts

General Information

Founding Year

1948

Founder

Fernando Londoño Henao | Founder of Caracol Radio. Married to: Inés Reyes. His children are: Diego Fernando Londoño Reyes (married to Claudia Correa De Greiff); María Inés Londoño Reyes (married to Fernando Botero Zea); Juana Catalina Londoño Reyes (marr

Ceo

Luis Ricardo Alarcón Gaviria | He was the president of Caracol Radio Network; of Caracol Television (1999-2001); and of R.T.I Televisión, from which he signed co-production agreements with Caracol Televisión. Between 1987 and 1999 he was manager of Caraco

Editor-In-Chief

John Camacho | He has worked as Operations Manager of Caracol; Spots Director; Production Director and Manager of Caracol; Administrative and Regional Director for Caracol in Antioquia (Antioquia, Quindío, Risaralda, Santander, North of Santander). Today

Other Important People

Dionisio Izquierdo Delgado

Alternate legal representative and Resources Manager of the Caracol Radio S.A. Radio Network

Contact

Calle 67 No. 7-37 / Bogotá Teléfono: (1) 3487600Sitio web: www.caracol.com.co

Financial Information

Revenue (in Mill. $)

USD $ 77.941.500/ COP $ 229.519 millions

Operating Profit (in Mill. $)

USD $ 16.414.200 / COP $ 48.336 millions

Advertising (in % of total funding)

No Data

Market Share

No Data

Further Information

Meta Data

Financial information: exchange rate: 1 USD = 2.937,88 COP

Sources

ABC Publicitario. Cadena Radial, Caracol S.A.

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