The government has ordered the public broadcasting company Gamavision to cease operations but the tv station’s largest stocker, government-owned Medios Publicos EP, and 220 employees are fighting the decision. Ecuador’s Superintendencia de Compañias, Valores, y Seguros (SUPERCIA) issued the shut-down order February 22, citing 15 reasons for its decision. Camilo Valdivieso, a SUPERCIA director, has appointed Edmundo Armijos as liquidator. Quito newspaper El Comercio reported that the liquidation document cites economic losses as one of the primary reason for SUPERCIA’s order. The document notes that Gamavision lost $1.59 million in 2014, $3.97 million in 2015, and $5.6 million in 2016.…
Want to read the whole story?
Subscribe to The Cuenca Dispatch and gain full access to this story, weekly issues, plus the entire running archive! With your subscription, you will gain access to all the news you'll need concerning Ecuador as a United States expat.
Get access to our most read articles
- Cuenca expat scene is ‘changing before our eyes’
- Global warming? Most of the hot air is generated by politicians
- Immerse yourself in Cuenca’s bountiful markets
- Ecuadorian named to Time magazine’s 100 most influential people list
- Searching for origin of the word ‘Gringo’
- Cuenca will have a new Ludic Botanical Garden
- Catholic church opens its doors to the LGBTI community
- World class dining in Cuenca
- Ancient craft of ikat thrives in Gualaceo
- Putting down roots in Cuenca