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el universal

[UPDATED] Spain's €3,500 Epalisticia buys El Universal for €90 million

Insistent rumours had been making the rounds for some time about the alleged sale of El Universal, Venezuela's oldest and last standing independent newspaper. The sale, for an alleged €90 million, was confirmed this week. The new director is meant to be Jesús Abreu Anselmi, an obscure individual with a rather interesting past link to Gustavo Gomez Lopez's Banco Latino and, more recently, to turncoat -and former Gomez Lopez partner- Gustavo Cisneros.

Nicolas Maduro and foreign ownership of Venezuelan media

Nicolas Maduro was at his very best last Friday. He said: “Debería prohibirse que gente que no viva en Venezuela sea dueña de un medio de comunicación. Me parece una buena idea, hay que estudiarla". Translation: "it should be forbidden for people who don't live in Venezuela to own media." Hear it from the horse's ass'es mouth in the video below.