In Need of a Lifeline

In Need of a Lifeline

Brazil

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 onc

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