By JUAN FORERO (NYT) 1130 words
Late Edition - Final , Section A , Page 9 , Column 1
ABSTRACT - Pres Hugo Chavez of Venezuela is promoting and largely financing Latin America Telesur, regionwide television station that he says is aimed at counteracting 'media dictatorship' of international news networks; venture also involves Argentina, Cuba, Brazil and Uruguay; station is scheduled to begin broadcasting in July; critics say Chavez's intention is to stifle dissent rather than broaden coverage with propaganda machine financed by ideologically driven government flush with oil money; photo (M) "