Colombia is a unitary constitutional republic comprising thirty-two departments. It is located in northwestern South America, bordered to the northwest by Panama; to the north by the Caribbean Sea; to the east by Venezuela and Brazil to the south by Ecuador and Peru and to the west by the Pacific Ocean. Colombia is the 26th largest country by area and the fourth largest in South America. Media in Colombia refers to media available in Colombia consisting of several different types of communications media: television, radio, cinema, newspapers, magazines, and Internet-based Web sites. Newspaper media in Colombia date back to the Spanish colonization of the Americas. The first newspaper published in Colombia was La Bagatela, edited by Antonio Nariño in 1811. In Colombia the most read and influential newspaper is El Tiempo, which also has the highest newspaper circulationin the country. It was founded in 1911 by Alfonso Villegas Restrepo and currently owned by Spanish Grupo Planeta.