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El Universal Buyer Betting on Political Change in Venezuela

The acquisition of Venezuelan newspaper El Universal, which has criticized the government of Nicolas Maduro, is a bet that a political shift in the country will ease restrictions on media companies and opposition groups, according to the new owners’ representative.

“They are convinced that this is going to happen,” Jose Luis Basanta, who represents the group of investors that have bought the newspaper, said in an interview in Madrid when asked if they were expecting political change in the country.