The Venezuelan government has acquired a significant stake in a TV network, Globovision, that is opposed to the president, Hugo Chavez.
The government obtained 20% of the network after banking authorities liquidated a company owned by Nelson Mezerhane, one of Globovision's principle investors, who fled the country earlier this year to escape charges related to the failure of his bank.
It is unclear whether the state will hold on to the stake. It is not enough to affect editorial content - which is opposed to Chavez's policies - but it does give government officials a presence at shareholders' meetings.
Source: AP/ABC
