Venezuela channel pays $2 million fine

 JournalismPakistan.com |  Published 13 years ago

Globovision has been fined over $2 million by regulators, prompting significant legal action. The channel's executives plan to challenge the ruling.

Summary

CARACAS: The Venezuelan television channel Globovision has paid a fine of more than $2 million imposed by regulators.

Globovision vice president Carlos Zuloaga called it an "unfair and disproportionate fine" but said the channel was forced to pay when the Supreme Court ordered an embargo on the channel's assets totaling nearly three times the original fine.

Zuloaga says the court should eliminate the embargo order now that the fine has been paid.

The channel has been trying to challenge the fine imposed by regulators for its coverage of a prison uprising last year.

Zuloaga and other executives of the channel went to the Supreme Court to pay the fine on Friday accompanied by employees and other supporters. - AP

 

KEY POINTS:

• Globovision paid a fine exceeding $2 million.
• The fine was imposed for coverage of a prison uprising last year.
• The Supreme Court ordered an embargo on Globovision's assets.
• Executives argue the fine is unfair and disproportionate.
• Supporters accompanied executives to pay the fine in court.