Fiat Chrysler and CIR Holding announced on Wednesday they were merging their editorial groups, bringing top Italian dailies La Repubblica and La Stampa under one roof.
The deal would create “a leading European group in the daily and digital information industry,” CIR said in a statement, adding that the merger would be complete by June 30th and the dailies would keep their titles.
The most significant consolidation in Italy’s struggling print media sector since digitalization unites the production of country’s third and fourth-best selling papers.
La Repubblica, founded in 1976, has a left-leaning perspective while La Stampa, first published in 1867 in industrial Turin in Italy’s north-west, is considered the voice of the billionaire Agnelli family, founders of the Fiat car maker.
Full content: The Local
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