(Finance) – The GEDI group And North East Multimedia (NEM) have signed a preliminary agreement for the sale of the newspapers to NEM “Il Mattino di Padova”, “La Tribuna di Treviso”, “La Nuova di Venezia and Mestre”, “Il Corriere delle Alpi”, “Il Messaggero Veneto”, “Il Piccolo” of Trieste and of the online magazine “Nordest Economia” , as well as the related digital activities and advertising sales.
The refinement of the sale of the publishing and digital branch is expected to take place within the month of October 2023, while the completion of the sale of the advertising branch is expected within the first half of 2024, reads a note.
GEDI is a leading daily information group in Italy, with publications such as la Repubblica, La Stampa, local newspapers and various periodicals. Furthermore, it is one of the main national radio hubs, which includes brands such as Radio Deejay, Radio Capital and m2o. NEM is one newco chaired by Enrico Marchipresident of Save (Venice airports) and of Banca Finint (based in Conegliano).
Today’s announcement comes three days after a similar deal in another geography. On August 4, the GEDI Group and the Athesis groupa primary and historic publishing group operating in the Veneto and Lombardy regions, have in fact signed a preliminary agreement for the sale of the publication to the Athesis Group “Gazette of Mantua“, as well as the related digital activity and advertising revenues.