Venevisión (Spanish pronunciation: ) is a Venezuelan free-to-air television channel and one of Venezuela's largest television networks, owned by the Cisneros Media division of Grupo Cisneros. The company's roots date back to June 1, 1952, with the establishment of Televisora Mirandina Independiente S.A, (TeleVisa), which operated the channel 4 in Caracas and channel 5 in Maracaibo. When TeleVisa went bankrupt in 1951, Diego Cisneros purchased the remaining assets of the company. On February 27, 1960, Venevisión (a portmanteau based on Velvet de Venezuela - Televisión) was officially inaugurated with a special inaugural on March 1, 1960, show in which thousands of people attended, and took place in the station's parking lot. Venevisión began with a capital of 5,500,000 bolívares and 150 employees including artists, administrators, and technical personnel. Venevisión's original administrators were Diego Cisneros (president), Alfredo Torres (transmission manager), Héctor Beltrán (production manager), and Orlando Cuevas (general manager). More information...
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