El Faro was founded by journalist Carlos Dada and businessman Jorge Simán in 1998. They were the only shareholders until 2014 when, as part of the collective spirit of the project, others from the newsroom acquired shares. The current owners of El Faro, aside from Dada and Simán, are: José Luis Sanz, Carlos Martínez, Sergio Arauz, Daniel Valencia, Óscar Martínez, Ricardo Vaquerano and Élmer Menjívar. Each of the owners is a current or former member of El Faro’s newsroom.