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
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
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
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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