It’s the government vs. the government in tv station closure dispute

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.…

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