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Canal Caracol, one of Colombia’s two privately owned television
stations, says it is not able to pay the US$82 million dollar the government wants for the renewal of
its broadcasting license.
According to Caracol’s board of directors, the fee endangers the viability of its company and is an infringement on the freedom of press. The station says it impossible can fit the $82 million in its budget.
Caracol and RCN, Colombia’s second privately owned television station, have to renew their ten-year broadcasting license and are confronted with a so far unknown third private channel.
