"La Repubblica and other media outlets belonging to the GEDI group, such as the Italian edition of the Huffington Post and three radio stations (M20, Deejay, and Capital), could end up in the hands of the Antenna group, headed by Greek businessman Theodore Kyriakou, a conservative and ally of U.S. President Donald Trump. Kyriakou is also a partner in Greece of Saudi Crown Prince Mohammed bin Salman, whose PIF fund holds a 30% stake in Antenna Greece BV."
"The two newspapers are the best-known publications of the GEDI group, owned by the Agnelli family, historical owners of FIAT, through the company Exor (which also owns 43% of The Economist), and chaired by John Elkann Agnelli. In total, it has 1,300 employees who now fear staff reductions and a change in editorial line. Kyriakou, previously unknown in Italy, was one of the guests at the exclusive state dinner that Trump hosted in Qatar last May."
La Repubblica and La Stampa, Italy's second- and third-best-selling newspapers, may be sold, potentially shifting control of major progressive outlets. GEDI group assets including the Italian Huffington Post and radio stations (M20, Deejay, Capital) could be acquired by the Antenna group led by Theodore Kyriakou. Kyriakou is a conservative ally of Donald Trump and has business ties to Saudi Crown Prince Mohammed bin Salman; the PIF fund owns a 30% stake in Antenna Greece BV. GEDI is owned by the Agnelli family through Exor. The group's 1,300 employees fear staff reductions and editorial changes, while the Russian embassy welcomed the sale as a potential end to anti-Russian coverage.
Read at english.elpais.com
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