El Diario de Caracas, now eldiariodeCaracas.com, was one of the best known newspapers of Venezuela. The paper was founded in 1979 by a group of investors who had the concern to launch a tabloid newspaper with a critical orientation both socio-culturally and politically. It was co-founded in 1979 by Diego Arria and the writer Tomás Eloy Martínez. Argentine exile, Rodolfo Terragno, was at one time its editor-in-chief. The Group 1BC, owner of RCTV, would subsequently obtain a majority shareholder stake in El Diario de Caracas taking its lead.