Negocios Publicitarios Internacionales S.A. (NEPISA) is a Nicaraguan joint-stock company that formally operates Canal 6 (第六頻道) on behalf of the Ortega government. Although Canal 6 is presented publicly as a state channel, a 2022 investigation by the independent outlet Confidencial found that NEPISA is controlled by two close associates of the presidential family: lawyer José María Enríquez Moncada and Eduardo Germán Morales Cuadra, both of whom appear across a broader network of companies linked to the Ortega-Murillo family. The Nicaraguan presidency has never publicly explained Canal 6’s relationship with NEPISA, though an executive decree has placed the channel under presidential responsibility since 2012. NEPISA is part of a wider pattern of ostensibly private companies used to manage state media assets within Nicaragua’s consolidated, family-controlled media system.