A strong, independent media is an
important part of any modern democracy, but there is reason to
be concerned about the health of Brazil's publishing and
broadcasting industry. The Marinho family owns
Organizações Globo, which
controls the country's main television network as well as an
influential newspaper, newsmagazine and chain of radio
stations. It defaulted in 2002 on $1.57 billion in bonds.
Editora Abril, run by the Civita family, publishes the
hardhitting newsmagazine Veja, but has been crippled by debts
for years. Jornal do Brasil, a Rio de Janeiro-based daily
newspaper and São Paulo's Gazeta Mercantil business
daily, two once proud titles, went bust and have been taken
over by a shipping magnate Nelson Tanure. They are a shadow of
their former selves and operate...
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