Experts believe that a new Chavista administration, led by Nicolas Maduro, would not be likely to ease such strong-arm tactics.
Over the past decade, Venezuela's telecommunications commission has handed out fines against Globovisión on eight different occasions. Among the fines was a $2 million penalty that arose from the channel's critical coverage of the government's response to a major prison riot in 2010.
On multiple occasions the Venezuelan government has denied waging a campaign against Globovisión. According to the government officials, the country's telecommunications commission was only implementing national laws aimed at stopping local media from "inciting hate" and disrespect for public authorities.
Some experts, however, believe otherwise.
"There are direct and indirect mechanisms to force the sale of a channel," Carlos Correa of the Venezuelan NGO Espacio Público told the El Nacional newspaper. "In this case indirect mechanisms were applied, because the government created a situation of such heavy economic pressure that it left [Globovisión's owner] with no way to subsist."