Caracol Televisión is a Colombian private national television network, owned by the Santo Domingo Group.Caracol Televisión started in 1954 when Organización de Radiodifusora Caracol offered to afford national television costs, then state-run, through commercial spots. At that time its board (Fernando Londoño Henao, Cayetano Betancourt, Carlos Sanz de Santamaría, Pedro Navas, and Germán Montoya) started to suggest the possibility of establishing the first television station in Colombia. One year later that idea was accepted and they decided to share the rights with Radiodifusora Nacional, the state-run company operating the Televisora Nacional, the only television station in Colombia at the time, creating TVC (Televisión Comercial Ltda.), a company which lasted two years.
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