While broadcasters operating AM radio stations are convinced that their licenses will be renewed for 20 years as of May 27, 2007, the National Telecommunications Commission (Conatel) intends to extend the licenses for five years only.

Eliú Ramos, Finance Vice-President of the Venezuelan Chamber of Broadcasting (CVIR), confirmed this information.

"We have information, based on the national average and considering the moves in connection with television station (the licenses granted to open signal TV channel) that renewal will be for five years."

"Under decree 1577, issued in 1987, broadcasters were given preferential rights for license renewal for 20 additional years."