The publishing group formed by last
year's merger of Itedi (La Stampa) and L'Espresso (La
Repubblica) will be called Gedi, Agnelli family holding company
Exor Chairman John Elkann told shareholders Wednesday. "Gedi
will be an Italian news leader, one of the biggest in Europe,
led by a very talented manager like Monica Mondardini", Elkann
said. The new groups, which also gets Genoa paper Il Secolo XIX
from Itedi, will have overall earnings of around 700 million
euros, a productivity among the highest in the sector, and an
aggregate average diffusion of around 740,000 copies a day for
more than 5.8 million readers.
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