The UNESCO/Guillermo Cano World Press Freedom Prize, created in 1997, honours a person, organization or institution that has made an outstanding contribution to the defence and/or promotion of press freedom anywhere in the world, especially when this has been achieved in the face of danger.The prize, worth US$25,000, is awarded each year on the occasion of World Press Freedom Day on 3 May.The prize is named after Guillermo Cano Isaza, the editor of the Colombian newspaper El Espectador, who was murdered in Bogotá on 17 December 1986. Cano was a vocal critic of the country's powerful drug barons.