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with the newspaper, so that he was the principal reference point for its
sales and its projection among its readers;
ii.
It was a family enterprise and the only source of income for the
Carpio Arrivillaga family;
iii.
The principal financial damage resulting from Mr. Carpio
Nicolle’s execution was the decline and subsequent closing down of the
operations of “El Gráfico” after 35 years of active presence among the
major printed media in Guatemala and Central America;
iv.
At the time its director was executed, “El Gráfico” generated
annual sales of five million dollars. 1992 and 1993 were the years
when “El Gráfico” was most profitable. At June 30, 1993, the year of
Mr. Carpio Nicolle’s execution, the company had managed to
accumulate its highest registered capital ($557,453 equivalent to 32%
of its total net worth). However, after 1994, the company’s annual
profits decreased considerably, because they declined by about 50% in
relation to the previous period and continued in this way until in 1999
the company had a deficit that obliged it to close down;
v.
One of the main causes of the newspaper’s decline was the
withdrawal of advertising by companies who, in the absence of Mr.
Carpio Nicolle, lost confidence in newspaper’s stability;
vi.
With Mr. Carpio Nicolle’s death and the closing down of “El
Gráfico,” 450 employees lost their jobs in a seven-year process of
cutting back on personnel;
vii.
Without Mr. Carpio Nicolle, the family enterprise could not
sustain itself, despite the family’s efforts. When operations ceased, the
family’s financial situation changed drastically, because neither Martha
Arrivillaga de Carpio nor her sons and their respective families ever
received salaries and profits again;
viii.
The debts contracted with the banks have subsisted, even
though the company no longer exists, and this obliges the family to
sell family patrimonial assets to pay them. Currently, these debts are
paid by Jorge Carpio Arrivillaga, and
ix.
The family is not requesting total reimbursement of the
patrimony expended owing to the closing down of the family
enterprise, but a compensation, in fairness, since Mr. Carpio Nicolle’s
death was caused directly by actions of the State and since his death
was a fundamental factor in the disappearance of “El Gráfico” which
represented the family’s patrimony.
Juan Vicente Villacorta Fajardo and his next of kin
f)
It is difficult to calculate the loss of earnings of Juan Vicente Villacorta.
However, the Villacorta Arrivillaga family estimates that he provided a
monthly income of approximately three thousand dollars.
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