Venevisión (Venezuela)

Venevisión (Spanish pronunciation: [beneβiˈsjon]) is one of Venezuela's largest television networks and a Venezuelan cable and terrestrial television network, which is owned and presided over by Gustavo Cisneros. In the United States, many of Venevisión's popular programs can be seen on Univision. The company's roots date back to May 4, 1953, with the establishment of Televisión Venezolana Independiente S.A, (Televisa), which operated the channel 4 in Caracas and channel 5 in Maracaibo. When TELEVISA went bankrupt in 1960, Diego Cisneros purchased the remaining assets of the company. On February 27, 1961, Venevisión was officially inaugurated with a special inaugural show in which thousands of people attended, and took place in the stations 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).

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