CITYTV
It is the first and only local commercial channel in the country. For its creation, the Casa Editorial El Tiempo S.A. licensed the Canadian brand CityTV. With a 13% of national audience, it is a channel of general programming, with emphasis on contents on Bogota D.C. It has an open signal in Bogota and its surroundings, in the rest of the country it can be tuned by subscription (cable and/or satellite television).
The channel CityTV is owned by the entrepreneur, Luis Carlos Sarmiento Angulo, rated by the FORBES Magazine as the richest man in Colombia. It began broadcasting in 1999 and for 2007 the Casa Editorial El Tiempo CEET S.A., original owner of the channel, performed a split operation, of which three companies are beneficiaries: CEETTV S.A, Finraceet S.A and Inversiones Aco S.A.
CEETTV S.A. now manages the concession rights of the channel and it is the current owner company of it. It also owns the El Tiempo channel. CEETTV S.A. is a member of the Casa Editorial El Tiempo media group, owned by Luis Carlos Sarmiento Angulo.
Audience Share
13%
Ownership Type
Private
Geographic Coverage
Regional
Content Type
Paid Content
Media Companies / Groups
Casa Editorial El Tiempo S.A.
Ownership Structure
City TV belongs to the Casa Editorial EL TIEMPO, which is part of the Aval Group, founded by the entrepreneur Luis Sarmiento Angulo, by means of three companies. The group has links with other sectors and owns many other companies.
Voting Rights
No Data
Group / Individual Owner
Intersegovia S.A.
Inversegovia S. A. is a company that belongs to the Aval Group. Luis Carlos Sarmiento Angulo is a partner of 64.17%,
Seguros de Vida Alfa S.A. with 35.82%.
It own an equity of 28.381137504 % in the Casa Editorial El Tiempo – CCET S.A.
Inversiones Vistahermosa S.A.S.
Inversegovia Vistahermosa S.A.S. is a company that belongs to the Aval Group.
It is the controlling owner of Casa Editorial El Tiempo CEET S.A., with a participation of 67%.
The Inverprogreso S.A. company is the only shareholder of Inversiones Vistahermosa S.A.S., having a direct participation of 0.000000427% in Casa Editorial El Tiempo CEET S.A and of 0.0000000029% in the CEETTV S.A.
Liinus Van Pelt S.A.S.
Liinus Van Pelt S.A.S. is a company that belongs to the Aval Group.
It is also a shareholder of Casa Editorial El Tiempo CEET S.A.
General Information
Founding Year
1998
Founder
No Data
Ceo
Lorencita Santamaría Gamboa | She was the Advisor of Vice-Presidency of the Media in Valores Bavaria S.A. She worked in the production and programmer company RTI: she has been the Director of Systematization Project, the Programming and Marketing Manager
Editor-In-Chief
María Elena Romero
Other Important People
President of the Board of Directors of Grameen Aval Colombia. Daughter of Luis Carlos Sarmiento Angulo. She is married to Antonio Ardila, the son of Carlos Ardila Lülle.
He is a member of the Board of Directors of CEETTV S.A.
Since 1996, he has been advisor of the Presidency of the Luis Carlos Sarmiento Angulo Organization.
He is also a member of the boards of directors of the following companies: Grupo Aval Acciones y Valores S.A., (since 2002), Seguros Alfa and Seguros de Vida Alfa (since 2002), AFP Porvenir (since 2008), gas Natural ESP (since 2009), COLFUTURO (since 2009).
Member of the Board of Directors. He is the director of the newspaper El Tiempo.
He is the husband of Juanita Santos Calderón, cousin of the president Juan Manuel Santos and sister of the former vice president and current candidate to Bogotá’s City Hall by the Centro Democrático, Francisco Santos.
Contact
Av. Jiménez No. 6 A -29 / Bogotá Teléfono: 3444060 Ext. 4112
Financial Information
Revenue (in Mill. $)
USD $ 10.083.800 /COP $29.625 millions
Operating Profit (in Mill. $)
USD $ 147.726 / COP $434 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
Supersociedades (n.a), Registro, CEETTV S.A.
Supersociedades (n.a), Registro, Inverprogreso S.A. Supersociedades (n.a), Registro, Inversegovia S.A.
Supersociedades (n.a), Registro, Inversiones Vistahermosa.
Supersociedades (n.a), Registro Mercantil. CEET S.A.
Registro Único Empresarial y Social RUES (n.a), Registro Mercantil, Inverprogreso.
Registro Único Empresarial y Social RUES (n.a), Registro Mercantil, Inversegovia.
Registro Único Empresarial y Social RUES (n.a), Registro Mercantil, Inversiones Vistahermosa.
Registro Único Empresarial y Social RUES (n.a), Registro Mercantil, Liinus Van Pelt S.A.S.
Registro Único Empresarial y Social RUES (n.a), Registro Mercantil, Seguros de Vida Alfa S.A.
Registro Único Empresarial y Social RUES (n.a), Representación Legal, CEETTV S.A.
Registro Único Empresarial y Social RUES (n.a), Representación Legal, Inverprogreso.
Registro Único Empresarial y Social RUES (n.a), Representación Legal, Inversegovia.
Registro Único Empresarial y Social RUES (n.a), Representación Legal, Inversiones Vista Hermosa.
Registro Único Empresarial y Social RUES (n.a), Representación Legal, Seguros de Vida Alfa S.A.
Cámara de Comercio (2013). Acta No. 1 Asamblea de Accionistas, Inversiones Vistahermosa, del 15-03-2013.
Cámara de Comercio (2015). Acta de Asamblea General de Accionistas, CEETTV S.A, del 25-03-2015.
Cámara de Comercio (2014). Acta No. 18 Asamblea General de Accionistas, Inversegovia S.A.S, del 27-03-2014.
Cámara de Comercio (2015). Acta No. 31 Junta Directiva, Inversegovia S.A.S, del 10-02-2015.
Cámara de Comercio (n.a). Balance financiero general comparativo a 31 de diciembre de 2014, Seguros de Vida Alfa S.A.
Cámara de Comercio (n.a). Balance financiero general comparativo a 31 de diciembre de 2014, Seguros de Vida Alfa S.A.
Cámara de Comercio (2014). Extracto de Acta No. 90 Asamblea General de Accionistas. Seguros de Vida Alfa S.A, del 19-09-2014.
Cámara de Comercio (2014). Formulario de Registro Único Empresarial y Social. Seguros de Vida Alfa S.A, del 02-2014.
Registro Único Empresarial y Social RUES (2015), Formulario de renovación de la matrícula mercantil, Inversegovia S.A.S.
Registro Único Empresarial y Social RUES (2015), Formulario de renovación de la matrícula mercantil, CEETTV S.A.
Registro Único Empresarial y Social RUES (2015), Formulario de renovación de la matrícula mercantil, Inversiones Vistahermosa.
