On Thursday Italy’s Antitrust Authority gave conditional approval to the merger of L’Espresso group and La Stampa. They represent three of the country’s biggest newspapers.
In order to receive approval L’Espresso, which controls Rome’s La Repubblica newspaper, will have to sell its local advertising businesses in Genoa and Turin to an independent third party, the Antitrust said in a statement.
The deal allows Fiat Chrysler Automobiles to quit the publishing business by shedding its controlling stake in Itedi, which controls Turin’s La Stampa and Genoa’s il Secolo XIX, and folding it into L’Espresso.
Full Content: Reuters
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