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.

[1] The Group 1BC, owner of RCTV, would subsequently obtain a majority shareholder stake in El Diario de Caracas taking its lead.

The newspaper would continue to grow to become a reference of the capital city and the country and its opinion columns would obtain great recognition.

El Diario de Caracas subsequently integrates with The Daily Journal, a Venezuelan newspaper in English, home owned by Peruvian businessman Julio Augusto Lopez Enriquez, who sold to El Diario de Caracas in 2004.

After several changes of shareholders and relaunch attempts, El Diario de Caracas stopped circulating as printed newspaper.