M. Berlusconi upped to chair

Media mogul's daughter elected Tuesday

HOLLYWOOD — Italo prime minister and media mogul Silvio Berlusconi’s daughter Marina has been upped to chairman of Fininvest, the holding firm for the family’s multimedia empire, sparking claims the P.M. is strengthening his hand ahead of national elections in May.

Marina Berlusconi was elected at a shareholders’ meeting Tuesday, which expanded the board of directors from seven to eight.

Her promotion was expected: She had been deputy to previous chairman Aldo Bonomi, who died Aug. 31.

Filling the new seat on the board and the one opened by Bonomi’s death will be Silvio Berlusconi’s economic adviser Bruno Ermolli, and Salvatore Sciascia, the prime minister’s tax lawyer.

Fininvest, one of Italy’s biggest firms with an estimated value of €17 billion ($20.2 billion), includes TV group Mediaset, advertising arm Publitalia 80, theatrical arm Medusa, publisher Mondadori and the AC Milan soccer club.

Fininvest lies at the center of accusations that Berlusconi has a conflict between his business and political interests. The left-wing opposition blames the tycoon’s sway over Italy’s media for his 2001 election victory.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety