Cadena Capriles is a

Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...

n media company that owns the newspapers ''

Últimas Noticias ''Últimas Noticias'' is a daily newspaper in Venezuela, currently British-owned and characterized by ''The Guardian'' as a "pro-Maduro tabloid". ''Últimas Noticias'' was founded in Caracas on 16 September 1941 after the pro-freedom measures i ...

'' and '' El Mundo''. ''Últimas Noticias'' is the highest selling

daily newspaper A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sports a ...

History

It was founded by Miguel Ángel Capriles Ayala in 1941 with the creation of ''Últimas Noticias'', after the measures implemented by Venezuelan President Medina Angarita loosened restrictions on Venezuelan media. Following the death of Capriles Ayala in 1996 taken over in 1998 by his son,

Miguel Ángel Capriles López --> Miguel is a given name and surname, the Portuguese and Spanish form of the Hebrew name Michael. It may refer to: Places *Pedro Miguel, a parish in the municipality of Horta and the island of Faial in the Azores Islands * São Miguel (disamb ...

. Towards the end of the twentieth century Cadena Capriles was (along with

Bloque De Armas Bloque De Armas is a Venezuelan media company. Among other properties it owns the newspapers ''Diario 2001'' and '' Diario Meridiano'' and the sports network Meridiano Televisión. The company was created in 1969 as a holding company for the vario ...

) one of the two largest producers of Venezuelan magazines, including current affairs journal ''Élite'' and the women's magazines ''Páginas'' and ''Kena''.

2013 sale

On 31 May 2013, Cadena Capriles was sold to an unknown party and commentary in its newspapers criticizing the Venezuelan government declined. This was supposedly due to the new owners of the company being close to the Venezuelan government. It was alleged that Cadena Capriles was purchased by the "chavista banker",

Victor Vargas Victor Vargas (born 28 March 1952) is a Venezuelan banker and businessman, best known for being the owner and president of the 14th largest private bank in Venezuela, Banco Occidental de Descuento. Early life Victor Vargas was born into a middl ...

. Following alleged censorship in favor of the Venezuelan government by the director of ''Últimas Noticias'' during the

2014 Venezuelan protests In 2014, a series of protests, political demonstrations, and civil insurrection began in Venezuela due to the country's high levels of urban violence, inflation, and chronic shortages of basic goods attributed to economic policies such as strict ...

, Chief Researcher Tamoa Calzadilla, Media VP Nathalie Alvaray along with others resigned. In only a year, more than 120 journalists resigned or were fired.

References

Mass media companies of Venezuela Venezuelan brands Companies based in Caracas {{Venezuela-media-stub