Telecom agency: Fine to TV channel is "absolutely payable"
Although the Venezuelan National Telecommunications Commission (Conatel) had initially reported that the fine should be paid immediately, Conatel board of directors decided that private TV news channel Globovisión could pay the USD 2.1 million fine by December 31, 2011
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Pedro Maldonado, the director of the National Telecommunications Commission (Conatel) commented on Wednesday that the USD 2.1 million fine imposed on TV news network Globovisión (an amount that represents 7.5% of the network revenues in a year) is "absolutely payable."
"The channel reported revenues higher than USD 29.5 million in 2010, and the fine to be paid represents 7.5 percent of Globovisión' revenues. Therefore, the fine is absolutely payable."
However, although Conatel had initially reported that the fine should be paid immediately, its board of directors decided that the private TV news channel Globovisión could pay the USD 2.1 million fine by December 31, 2011.
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José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."
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