Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

July 21, 2010

Chavez Running New Gambit To Break Opposition Media

by Brad Warbiany

This doesn’t sound good:

Chavez said the authorities have determined that 25.8 percent of shares in Globovision belong to one of the owners of the Banco Federal, which the government took over last month citing financial problems and irregularities.

With that minority ownership stake, the government will have a right to name a board member of Globovision, Chavez said.

“We’re joining the business,” he said.

Globovision takes a consistent anti-government stance, and its broadcasts have been a frequent target of the president’s wrath.

Chavez also suggested the government could take over an additional 20 percent stake that belonged to a shareholder who recently died, which would raise its ownership to 45.8 percent.

“If someone receives a concession and dies, the state recovers that concession,” he said.

Chavez has been fighting for years to fully consolidate the media in state hands. I’m not sure he’s got enough power to walk in the front door, but he just might have found an unlocked window.

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