Seems the regulatory agency — Conatel — did not like some of the reporting Globovision did of a prison riot in June and July of last year.
The real issue is that Globovision has not bent to the will of the Chavez government.
The use of the courts and official agencies to punish independent media outlets is standard practice for Chavez and his followers.
President Rafael Correa of Ecuador sued El Universal for referring to Correa as “the dictator.” (By any rights, the paper was correct, given Correa’s attacks on free media and dissident groups.)
month past week the (puppet) courts re-affirmed the law suit judgement. The Committee to Protect Journalists called the action “a serious blow to freedom of expression and a setback for democracy.”