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El Tiempo

The newspaper El Tiempo is Colombia's most widely read national newspaper. It is owned by the richest man in the country, the businessman Luis Carlos Sarmiento Angulo. For seven years (2001-2008) El Tiempo was the only newspaper in national circulation. Its content is general and it must be purchased. Initially it had a liberal orientation. However, the economic interests of its successive proprietors have influenced in its editorial position.

 

It is headquartered in Bogotá D.C. The newspaper is the cornerstone of the El Tiempo CEET S.A publishing house and media group. Its direct competition, the El Espectador newspaper, was forced to become a weekly newspaper due to a budget crisis. The publishing house was historically associated with the Santos family, one of the most important of the Colombian political elite, to which the current president of Colombia Juan Manuel Santos belongs.

 

Key facts

Audience Share

16 %

Ownership Type

Private

Geographic Coverage

National

Content Type

Paid Content

Data Publicly Available

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

2 ♥

Media Companies / Groups

Casa Editorial El Tiempo S.A.

Ownership

Ownership Structure

El Tiempo belongs to the El Tiempo S.A. publishing house, which consists of five Grupo Aval companies, founded by the businessman, Luis Sarmiento Angulo. The group has links with other sectors and owns many other companies. The companies not mentioned below are Liinus Van Pelt SAS (0,002 %) and Inverprogreso with 0,0000004 % of shares.

Voting Rights

No Data

Group / Individual Owner

Inversiones Vistahermosa S.A.S.

This company belongs to Grupo Aval, of Luis Sarmiento Angulo.
Inverprogreso S.A. is the only shareholder company of Inversiones Vistahermosa S.A.S., registering a direct equity of 0,000000427 % in the El Tiempo CEET S.A publishing house.

66.6%
Media Companies / Groups
Facts

General Information

Founding Year

1911

Founder

Alfonso Villegas Restrepo | Colombian lawyer, journalist and intellectual from the first half of the 20th century:#

Ceo

Juan Guillermo Amaya Salcedo | He was vice president (Technology) of Grupo Aval Acciones y Valores S.A. from 2012 until becoming general manager of El Tiempo Publishing House. He worked as a consultant for the World Bank and the German Technical Cooperati

Editor-In-Chief

Marisol Gómez Giraldo | El Tiempo editor. Journalist with a Masters of Political Science. She is an observer of the peace process in Colombia:#

Other Important People

Luis Carlos Sarmiento Angulo

Colombian businessman, considered by FORBES magazine in 2015 as the country’s richest man. He is founder and President of Grupo Aval, and owner of the El Tiempo publishing house

Contact

Dirección: Avda. Calle 26

68 b – 70 / Bogotá D.CTeléfono: (1) 2940100Sitio web: www.eltiempo.com

Financial Information

Revenue (in Mill. $)

USD $ 6.533.290/ COP $519.164 millions

Operating Profit (in Mill. $)

USD $ 4.217.460/ COP $ 12.371 millions

Advertising (in % of total funding)

No Data

Market Share

No Data

Further Information

Meta Data

Financial information: exchange rate: 1 USD = 2.933,28 COP

Sources

Cámara de Comercio (2015). Certificado de existencia y representación legal, Casa Editorial El Tiempo S.A.., del 5 de febrero de 2015.

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