Venevisión 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 have been seen on the Univision network until 2009.
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).
Initially, Venevisión broadcast live because they hadn't yet installed the videotape system. Except for the news, the elaboration of their programs utilized the technical formats used in movies at that time. In a short period of time, Venevisión greatly expanded nationally, and was seen in most of Venezuela on many VHF and UHF channels.
In March 1961, the newly created Venevisión and the American television network, ABC, signed two agreements: one for technical support and the other for the rights to broadcast each others programs. Thanks to these agreement, Venevisión later began using the videotape system. In their first year of existence, Venevisión made approximately 800,000 bolívares a month in advertisements.
In 1976, Venevisión moved their transmitters, which were located on the top of a building in La Colina, a neighborhood in Caracas where Venevisión's studios can be found, to Los Mecedores, near Venezolana de Televisión's studios and CANTV's installations. In Los Mecedores, a tower with an altitude of 100 meters was placed and a powerful new antenna was installed. With this new antenna, Venevisión's signal was able to reach Petare, Caricuao, and Guarenas with better quality. In the 1970s, like other television stations in Venezuela, Venevisión began experimenting with color broadcasts. In 1978, the Ministry of Transport and Communications fined Venevisión 4,000 bolívares on two different occasions in one week for violating the regulations for color broadcasting.
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