Italy risks losing media control to foreign buyers
Speaking to reports on Tuesday, Mangiante reacts to news that Exor, the holding company of Italy’s Agnelli family, is negotiating the sale of most of media group GEDI – which publishes La Repubblica and La Stampa – to Greece’s Antenna Group, owned by shipping magnate Theodore Kyriakou.
The Greek conglomerate operates TV channels and other media properties across Europe and North America and reportedly has strong ties to US business. Its advisory board includes senior American media executives, while Italian outlets note Kyriakou’s connections to circles linked with US President Donald Trump, raising concerns over a potential editorial shift under new ownership.
Mangiante emphasizes, “This is not simply a business transaction, this is a transfer of narrative power.” She describes La Repubblica and La Stampa as “institutional newspapers” that have shaped Italy’s domestic narrative “for decades, almost for a century.” She argues that giving them to Antenna, which she calls a “foreign infrastructure,” effectively moves “control of the domestic narrative” abroad.
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