New owner for Metro Italy

Although Metro International has not made any public statement about any new ownership in Italy, according to Italian media websites, it is already a done deal. Resistance from the journalists union, however, could slow down the sale.

New owners are said to be Salvatore Puzzo (80%) and the bothers Mario and Maurizio Mario Farina (20%), owners of printing plant Litosud. The new owners founded New Media Enterprise (NME) which will be publishing Metro Italy as a Metro franchise.

Mario Farina is also member of the board of MAg Editoriale, the publisher of free daily DNews. This could possibly lead to cooperation between the papers.

The journalists of the paper, however, are still objecting to the sale because there are not enough guarantees for the independence and future of the paper. The paper is just before its summer closure. To voice their concerns, the journalists do not put their names under articles in Metro. (Affaritaliani, Infodem, PubblicitaItalia)

Metro announced in its report on the first 6 months of 2009 “that it is in advanced negotiations with a potential partner in Italy which may lead to a partial or full divestment of the operation.”

One Response to “New owner for Metro Italy”

  1. Newspaper Innovation » Blog Archive » Metro Italy sale confirmed Says:

    [...] Metro International confirmed the sale of their Italian edition on July 31 – one day earlier it was already posted on newspaperinnovation.com. [...]