Publishing

La Stampa changes ownership, preliminary to the Sae Group. Repubblica towards Antenna

The deal is expected to close within the first half of the year. Digital and print centre also included in the deal

by Andrea Biondi

Il palazzo sede del quotidiano La Stampa. Italy Photo Press

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

The news is now official. One of Italy's most iconic newspapers is preparing to change ownership. Gedi of the Exor galaxy and the Sae Group led by Alberto Leonardis have announced that they have signed the preliminary contract for the sale of La Stampa, formally starting the process that will bring the historic Turin newspaper under the control of the new publisher.

The operation does not only concern the daily newspaper, but a much broader perimeter: it includes, as stated in a note, 'associated titles, digital activities, the press centre, the commercial network for local advertising sales, as well as staff and editorial support activities'.

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The structure of the operation involves the creation of a new company. The transfer of the newspaper will in fact take place 'through a newly established vehicle, controlled by the SAE Group, in which the entry of investors linked to the North-West area is also envisaged'. An element that seems to underline the historical relationship between the newspaper and the Piedmont area where it was born and grew up.

In the press release, the two companies also indicate the editorial line that should guide the newspaper's new course: 'The project aims to guarantee continuity in the newspaper's historical positioning, preserving its editorial independence and deep ties with its territory.

The timing of the transaction is relatively quick. The closing is expected 'within the first half of 2026'. First, however, the steps required by the regulations will have to be completed, because 'the sale is subject to the completion of the usual union and bureaucratic procedures required by law'.

The signing of the preliminary agreement comes at the end of weeks of attention and discussion on the future of the newspaper founded in 1867 and for over a century a point of reference for information in Turin and nationwide. In the area, Piedmontese institutions have also turned on the spotlight: in the hours leading up to the signing, an agenda of the regional council called for vigilance on employment and the editorial future.

The dossier not only concerns ownership, but also the economic viability of the entire editorial system revolving around the newspaper: editorial, digital activities, printing and advertising sales.

For now, the agreement defines the general framework but does not go into the industrial details of the operation, starting with the figures, which in any case should be over 22 million. The next few weeks will be decisive in understanding how the transfer of ownership will translate: governance, management of the newspaper, investments in digital and employment prospects will be the real indicators of the new course.

The long negotiation for the sale of Gedi to the Greek group of the Kyriakou family is then in its final stages and only a few details are missing to finalise the deal. This is what is being leaked by the protagonists sitting at the table. The exclusivity, in fact, expired at the end of January, but sources close to the negotiations explain how it was not renewed because there are no longer any other suitors at the door (Leonardo Maria Del Vecchio was among those interested in the past). Negotiations continue every day and the finalisation would now be close.

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