LIMA — Peru’s oldest network, America Television-Channel 4, was taken over Wednesday by a consortium of Peruvian and Colombian media outlets.
Peru’s El Comercio and La República newspapers joined forces with Colombia’s Caracol Group to take over 55% of the shares in America Television.
The initial investment in the net is $22 million, two-thirds of which will pay off debts.
American Television hit the airwaves in 1958 and has consistently led local ratings.
The network, and three rival broadcasters, were implicated in a political scandal in late 2000.
The net’s owners, father and son Jose Enrique and Jose Francisco Crousillat, fled Peru after a secretly taped video of them receiving $3 million from former National Security Advisor Vladimiro Montesinos was made public.
The Crousillats are accused of accepting the cash in exchange for slanting news coverage in favor of Montesinos’ boss, former President Alberto Fujimori.