Henrique Capriles

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Shoppers flock to stores after the government orders business owners to lower prices. (Reuters/Carlos Garcia Rawlins)

Venezuela tries to suppress reports of economic upheaval

Amid skyrocketing inflation and shortages of basic goods, Venezuelan authorities claim that an “economic war” is being waged against the socialist government of President Nicolás Maduro. The government is striking back by forcing stores to discount prices, by arresting business owners accused of hoarding–and by targeting journalists trying to cover the grim economic news.

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Leopoldo Castillo, center, pauses during his daily broadcast  of 'Alo Ciudadano' Tuesday on Globovisión. (Reuters/Jorge Silva)

Globovisión quickly eases combative stance after sale

That didn’t take long. Nine days after the pro-opposition TV station Globovisión was sold to businessmen rumored to have close ties to the Venezuelan government, the station’s new leader was welcomed to Miraflores Palace for a cordial sit-down with President Nicolás Maduro.

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Globovisión's employees work at the station's main studio in Caracas. The broadcaster's owner has accepted a buyout offer. (Reuters/Carlos Garcia Rawlins)

Globovisión sale would finish critical Venezuelan TV

If the proposed sale of Globovisión, the single remaining TV station critical of the Venezuelan government, is finalized next month, the broadcaster will almost certainly become less combative and could eventually turn into another government mouthpiece, according to news reports, local journalists, and analysts.

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