El Espectador

El Espectador is a newspaper with national circulation within Colombia, founded by Fidel Cano Gutiérrez on 22 March 1887 in Medellín and published since 1915 in Bogotá. It was initially published twice a week, 500 issues each, but some years later became a daily paper. As the oldest newspaper in Colombia still in circulation, El Espectador is considered a newspaper of record for Colombia and a home for prominent writers, including the 1982 Nobel Prize Laurete Gabriel García Márquez. It is a member of the Inter American Press Association and the Asociación de Diarios Colombianos. It defined itself as a "political, literary, news, and industrial newspaper". In 2001, during a financial crisis, It transitioned into a weekly release, but reverted to a daily release on May 11, 2008, a comeback which had long been rumoured. With this change, it now utilized a 28 centimetres by 39.5 centimetres tabloid format. From 1997, the majority shareholder of El Espectador has been Valores Bavaria S.A., now known as Valorem S.A., a holding company controlled by the Santo Domingo family. The Cano family, founders of the newspaper, retained a small percentage amounting to less than 1%.