Venezuela’s Last Anti-Chavez TV Station Globovision Being Sold
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Venezuela’s Globovision, the last major television broadcaster openly critical of the government, may be sold after a costly battle with former President Hugo Chavez over its coverage of prison riots.
News anchor Leopoldo Castillo said yesterday that Juan Domingo Cordero, majority shareholder of Caracas-based insurance company Seguros La Vitalicia, is in negotiations with Globovision’s owners to purchase the channel. The sale will probably go ahead after elections next month to elect a new president following Chavez’s death March 5, Castillo said.