Cisneros preps bid for Colombia TV

CISNEROS PREPS BID FOR COLUMBIA TV
[SOURCE: Hollywood Reporter, AUTHOR: John Hecht]
Venezuela's Cisneros Group has joined a growing list of Spanish-language media giants set to participate in a bidding war for a coveted new private television channel in Colombia. Gustavo Cisneros, chairman and chief executive of the Cisneros Group, said that his company will partner with Colombian businessman Luis Carlos Sarmiento in a bid for a license to operate the new network. Sarmiento, one of Colombia's richest men, made his fortune in telecommunications, real estate development and banking. The Colombian government expects to issue the broadcast license in September and the channel will hit the airwaves in 2009. The third national network will provide sorely needed competition against Caracol and RCN TV, Colombia's powerful television duopoly.
http://www.hollywoodreporter.com/hr/content_display/international/news/e...