Italian media braces for shake-up as Greek buyer swoops in for Gedi

The Gedi group, which publishes iconic Italian newspapers such as La Repubblica and La Stampa as well as national radio and digital assets, is currently at the centre of one of the most controversial operations in the Italian media landscape.

After weeks of rumours, Exor, the holding company of the Agnelli-Elkann family that controls the group, has confirmed that it is in exclusive negotiations with the Greek group Antenna, led by Theodore Kyriakou, for the sale of most of Gedi’s assets.

The official confirmation of the negotiations triggered an immediate reaction in the newsrooms….