On 1 March 2006, The Daily Journal, which had dealt with financial problems, was bought by Julio Augusto López, a Venezuelan entrepreneur of Peruvian parents that allegedly had links to the Venezuelan government. The Daily Journal, previously known for "its editorial independence" then obtained a reputation of being a "chavista" newspaper, with the stance becoming aligned with Hugo Chávez's government and the owner, Julio Augusto López, allegedly becoming a member of the "Bolivarian bourgeoisie".
On March 1, 2006, The Daily Journal, which had financial issues, was acquired by Julio Augusto López, a Venezuelan entrepreneur of Peruvian descent who allegedly had ties to the Venezuelan government. Previously known for its editorial independence, The Daily Journal later gained a reputation as a "chavista" newspaper, aligning with Hugo Chávez's administration and López reportedly becoming part of the "Bolivarian bourgeoisie."