El Mundo is the second largest newspaper in Spain, with a circulation of 300,297 copies (2002). It first appeared on October 23, 1989, and had four founders: Alfonso de Salas, Pedro J. Ramírez, Balbino Fraga and Juan González.
It has a system of multilocacional printing with different editings in national territories as Andalusia, Valencia, Castile, Leon, Balearic, Bilbao, etc.
El Mundo has been essential in discovering several scandals shocking all of Spain. Among them was the embezzlement of the Civil commander, Luis Roldán, and the governor of the Central Bank of Spain, Blond Mariano, who was accused of insider trading and tax fraud. El Mundo also found connections between the an illegal anti-terrorist group - GAL - and the socialist politician Felipe González, a news story that contributed to the defeat of the Socialists in the 1996 elections.