Brazil's preeminent network, TV Globo, is the fourth largest television network in the world behind the United States' CBS, NBC and ABC. The network was founded in 1962 by Brazilian media mogul Roberto Marinho, who had financial backing from the U.S.'s Time-Life Corporation. After the Brazilian military took control of the country's government in 1964, Globo became a puppet corporation controlled by the Brazilian government and remained so until 1985; since then it has been an independent company. During the mid-90s, Globo had an estimated audience size of over 80 million. Some of the network's most-watched productions are their soap operas (telenovelas).