Gedi editorial group – Wikipedia

Gedi Group Editoriale S.p.A. It is an Italian multimedia company active in the printing sector, digital, radio and television communication ^[4] based in Turin.

Through the controlled company “Gedi News Network” (GNN) ^[5] , publishes newspapers The Republic , The print , The XIX century and several local newspapers ^[5] , while with “periodicals and services” (GPS) publishes periodicals.

The editorial group through the company “Elemedia” owns three national radio channels, radio deejays, radio capital and Radio M2o and of the television broadcaster Deejay TV. It also operates in the segment of new media with the company “Gedi Digital” and has an advertising dealership which is A. Manzoni & C.

The first publishing company [ change | Modifica Wikitesto ]

The company was born in 1955 with the name L’Espresso publishing company , with Adriano Olivetti main shareholder; Olivetti died in 1960. The publications of the weekly homonym in early October, under the direction of Arrigo Benedetti. In 1957 Carlo Caracciolo became the majority shareholder of the company and Arrigo Benedetti and the journalist Eugenio Scalfari also entered the share team. ^[6]

In 1975 the publishing company changed the name in Espresso editorial . In 1983 the Endegil Editoriale S.p.A. was created, a group for the local newspapers of the group.

The “Espresso editorial group” [ change | Modifica Wikitesto ]

In 1991, following agreements between Mondadori and De Benedetti, the new editorial group L’Espresso S.p.A. was born, whose majority shareholder is the CIR – reunited industrial companies. In 1993 the Espresso editorial group acquires the entire capital of the advertising dealership A. Manzoni & C ..

In 1997 the merger by incorporation in the group of “Editorial Society La Repubblica S.p.A.” took place and of the “Publishing Periodici Culturali S.p.A.”, with the three radio channels of the group that are merged in Elemedia S.p.A.

In September 2012, following an agreement between the L’Espresso and Aol group, he arrived in Italy L’Huffington Post , Italian version of the US online newspaper of the same name The Huffington Post . ^[7] On 23 March 2013 M2o TV was born, a television version of the radio channel dedicated to Electronic Dance Music, while on 11 May the Repubblica TV channel, digital terrestrial channel 50, is transformed into Laf thanks to a collaboration with the Feltrinelli group. ^[8]

From 13 December 2013 the merger for incorporation of the “Editorial La Nuova Sardegna S.p.A.” in the Finegil (Act registered on December 19), through which the latter detects any legal relationship referring previously to the publishing company of the Sardinian newspaper, which becomes a “division” of the incorporating society.

On January 23, 2015, the L’Espresso group signs an agreement with Discovery Italia for the sale to the latter company of Deejay TV, digital terrestrial channel 9 ^[9] .

The “Espresso editorial group” becomes “Gedi Editorial Group” [ change | Modifica Wikitesto ]

On March 2, 2016, the L’Espresso group announces the incorporation of Italian publisher (company that publishes newspapers The print It is The XIX century ): This merger will create the largest Italian editorial reality in the newspaper sector ^{[ten] [11]} . The editorial group simultaneously starts the sale of local newspapers The center , The city , South Tyrol It is Trentino . ^{[twelfth] [13]}

On November 28, 2016, following an agreement between the L’Espresso group e Business Insider Inc. , was born Business Insider Italia , Italian version of the US site Business Insider . ^[14]

On March 9, 2017, the Italian Antitrust Authority authorizes the merger, also providing that the L’Espresso group ceases to a third and independent subject the local advertising collection of the pages on Turin and Genoa in the respective editions of the newspaper the Republic ^[15] . On May 8 of the same year, the shareholders’ meeting approved the modification of the corporate name from “Espresso S.p.A.” Espresso Group ” to Gedi Group Editoriale S.p.A. . ^[16]

On April 26, 2018 Monica Mondardini leaves the office of CEO (despite remaining on the Council of Gedi as vice -president) and Laura Cioli, former CEO of RCS Mediagroup, is appointed in his place. ^[17] In addition, Marco De Benedetti is elected to the presidency.

Following an agreement between the Gedi and Ziff Davis on 23 September 2019 is launched Mashable Italia , Italian version of the US site Mashable ^[18] .

The sale of the “Gedi” from the “CIR” of the De Benedetti to the “Exor” of the Agnelli [ change | Modifica Wikitesto ]

In the spring of 2019 a consortium formed by the entrepreneur Flavio Cattaneo (already known as CEO of Telecom Italia from 2004 to 2014), the Fund Peninsula And a third person who does not reveal his identity, shows interest in detecting Gedi, assessed about 190 million euros: the offer is not formalized in any case. ^[19] Shortly after showing interest also Vivendi, but without following. ^[19] In mid -October 2019, the unexpected offer advanced by Carlo De Benedetti, former president of the publishing group (until June 2017): through his financial group Romed , the engineer proposes to detect 29.9% of the Gedi for about 40 million, at 25 cents per share, evaluating the company 129 million. ^[19] In a letter, Carlo De Benedetti claims that “the initiative is aimed at relaunching the group”. ^[20] The proposal, not agreed with the Board of Directors (where the children sit), is rejected with a train of controversy between the father, who leaves the honorary presidency, and the children Rodolfo and Marco. ^{[20] [21] [22]}

On November 30, 2019 it was announced ^[23] That the Exor N.V., the Dutch Financial Personer, safe of the Agnelli family and which in Gedi already has a participation of almost 6%, will acquire the majority package of the editorial group for 102.4 million (28 cents per share). The counterparty is the CIR, the holding of the De Benedetti which holds 43.7% of the group and which in any case will maintain a 5% share in the company. On December 2, 2019, at the end of the CIR board, there is an official confirmation: the Exor buys the share of the financial with a prize of over 64% on the closing of the Friday stock of the Gedi title and later will start at the same price also a mandatory opa on the entire capital it still does not have through a new “vehicle” company; Finally he will lead the title to the delisting. ^{[19] [24]}

In December 2019 Maurizio Scanavino, friend of John Elkann since they were study companions at the Polytechnic of Turin ^[25] , he is appointed general manager in place of Laura Cioli, who will leave the position of A once the operation will also leave the task ^[26] . On March 31, 2020 the European Commission and the EU Antitrustust grant authorization to acquire ^[27] , which will then be completed within the following month.

La Gedi degli Agnelli – Elkann [ change | Modifica Wikitesto ]

On April 23, 2020 a newly constitution company, the Giano Holding , a joint -stock company held by the Exor, has acquired 43.78% of Gedi for 102.4 million euros in possession of the CIR ^{[28] [29]} . As a result, Gedi’s board has appointed John Elkann President, Maurizio Scanavino ad and DG, Maurizio Molinari responsible for the newspaper La Repubblica (instead of Carlo Verdelli) and editorial director of the group himself ^{[30] [thirty first]} . Rodolfo De Benedetti, Laura Cioli, Francesco Dini and Monica Mondardini come out of the board.

In the new board (where Carlo Perrone, Marco De Benedetti, Giacaranda Caracciolo) are confirmed) Maurizio Scanavino, Turi Mundhe, Pietro Supino and Enrico Vallano enter. ^{[thirty first]}

The “Giano Holding” (company entirely owned by the Exor) rises to 60.9% of the capital Gedi and 63.21% of voting rights, thus determining the launch of a mandatory opa. ^[30]

The Delisting [ change | Modifica Wikitesto ]

As of June 30, 2020, at the end of the Opa, the Giano holds 92.03% of the actions of the Gedi and starts to the delisting of the quoted stock on the stock exchange. ^[32] The operation is destined to affect the editorial panorama in Italy as the new Gedi holds 25% of the national publishing market.

On July 13, 2020 Carlo Perrone (through the Mercury s.p.a. ) and CIR acquire 5% of the actions of the Giano respectively. ^[33]

On August 10, 2020 the Giano concludes the opa on the remaining shares of Gedi, reaching 100% of the capital and consequently the delisting from the Italian stock exchange. ^[34]

Sales of newspapers [ change | Modifica Wikitesto ]

In September 2020 Carlo Perrone, former publisher of XIX century , becomes vice -president of the company. ^[35]

In October 2020 the group announced the agreement for the sale of the company branch of the local newspapers The Tyrrhenian Sea , the Gazzetta di Modena , the Gazzetta di Reggio It is The new Ferrara to society SAE group , represented by the Abruzzo entrepreneur Alberto Leonardis who in 2016 had always purchased from Gedi The center of Pescara and the Portobello Group From Rome. ^[36]

In December 2020, Gedi announced the cessation of the publication of the Bimonthly Magazine Micromega . ^{[37] [38]} In June 2021 the group acquires AutoXY , one of the most important Italian web portals specialized in the car market. ^[39]

In November 2021 the agreement was announced for the transfer of the newspaper The new Sardinia , since 2016 managed by DBInformation , to the “SAE group”. ^[40]

On March 7, 2022 the Gedi made known the sale of The espresso to a new company called L’Espresso Media s.r.l. , of the media BFC group.

Newspapers (Gedi News Network) [ change | Modifica Wikitesto ]

Periodicals (periodicals and services) [ change | Modifica Wikitesto ]

Elemedia [ change | Modifica Wikitesto ]

Digital [ change | Modifica Wikitesto ]

Advertising [ change | Modifica Wikitesto ]

Following the corporate merger between the editorial La Repubblica and the paper mill of Ascoli, which took place in 1991, a tax dispute was born with the Revenue Agency for tax evasion: the dispute ends with a plea bargain in September 2017, when the Editorial group agrees to pay a sum of 175.3 million euros, in the face of a more than double debt (388.6 million) which would have arisen from a possible unfavorable sentence of the Court of Cassation ^{[41] [42]} .

After the success of Opa, from 10 August 2020 Giano Holding S.p.A. (which is headed by the Exor Group) holds the totality of the actions and is therefore the unique shareholder of Gedi, with consequent delisting of the title from the Italian stock exchange ^{[43] [44]} .