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Italy's Berlusconi family in talks to sell Il Giornale daily

Reuters
·1 min read
FILE PHOTO: Two women read Il Giornale with picture of Boffo, editor of Avvenire, on its front page in downtown Milan

MILAN (Reuters) - Italy's Berlusconi family is in talks to sell the loss-making conservative newspaper Il Giornale to healthcare entrepreneur and politician Antonio Angelucci, Paolo Berlusconi was quoted as saying on Friday.

When asked about news reports that a sale was near, the brother of former Prime Minister Silvio Berlusconi and majority owner of Il Giornale said talks with Angelucci had been going on for a year, AdnKronos newswire reported.

"Things happen in due time," he was quoted as saying when asked if a deal could be closed within a month.

A member of parliament for Berlusconi's Forza Italia party, Angelucci already owns dailies Il Tempo and Libero.

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Founded in Milan in 1974 by journalist Indro Montanelli, Il Giornale is more than two-thirds owned by Paolo Berlusconi's holding company PBF, while the Berlusconi family's publishing company Mondadori owns another 18.4%.

(Reporting by Valentina Za, editing by Alvise Armellini and Deepa Babington)