Telemundo Puerto Rico traces its history to June 1, 1993, when Telemundo Group (then owned by investment firm Reliance Capital) announced that it would launch a 24-hour Spanish-language cable news channel that would be distributed in Latin America, Spain and the United States. This service, christened Telenoticias, launched on December 1, 1994, becoming the second 24-hour news channel to serve Latin America that was headquartered in the region. Telenoticias – which broadcast its programming in Spanish and Portuguese – was operated out of Telemundo's headquarters in the Miami suburb of Hialeah, Florida. In addition to distribution on cable and satellite television, some Telenoticias programming was also carried by television stations in certain U.S. markets.