It was Paraguay's first wholly private newspaper,[1] funded primarily by returning exiles from Argentina in the aftermath of the Triple Alliance War, such as Juan Francisco Decoud.

La Regeneración was Paraguay's first wholly privately owned newspaper, founded in the 1st of October 1869,[3] while the Triple Alliance War still raged in the country's interior and Asunción, the capital, was under allied military occupation.

The provisional government's official acts were also published in it, until the 1st of September 1870, when Facundo Machaín, one of the diary's contributors, was named president by the Constitutional Assembly, but soon afterwards toppled by Cirilo Antonio Rivarola, aided by the Brazilian occupation forces.

[11] La Regeneración was led mostly by young émigrés, recently returned from Argentina and elsewhere, heavily influenced by the liberalism of the time and by its Argentinian exponents, such as Domingo Sarmiento and Juan Bautista Alberdi.

[8] The paper's editorials and opinion pieces were centered on opposition to the Bareiro bloc and to the López regime, even after the Triple Alliance War ended with the Battle of Cerro Corá.