CARACAS, Venezuela (AP) -- Employees of the last remaining opposition television channel in Venezuela say it is being sold to a businessman friendly to the government.
They say Globovision's editorial line is sure to change, and many sobbed Monday when informed of the sale, certain some would lose their jobs.
The employees said the sale would occur after April 14 elections, which Hugo Chavez's hand-picked successor is favored to win.
One employee present at a meeting convened by Globovision President Guillermo Zuluaga quoted him as saying the buyer is Juan Domingo Cordero, president of the insurance company La Vitalicia.
The employee says Cordero is friendly with officials such as National Assembly speaker Diosdado Cabello.
The employee spoke on condition of anonymity for fear of losing his job.
Company officials declined to comment when contacted.