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La7 in Cairo: there is the signature

The publisher: "I got a nice hot potato" – Financial sources confirm that the definitive go-ahead came today during the Telecom Italia Media board meeting, which lasted about three hours.

La7 in Cairo: there is the signature

“A7? I had a nice hot potato”. Just a joke on the microphones of Radio 24, but it serves as an official confirmation: Urbano Cairo is the new owner of the La7 television network. Financial sources confirm that the final go-ahead came today during the Telecom Italia Media board meeting, which lasted about three hours. “The climate of the meeting was serene”, said only Irene Bignardi, member of the board.

Shortly before, Gad Lerner had released an explicit tweet: "It's done, Telecom sells La7 to Urbano Cairo". On the board table, in addition to the decision on La7, also the 2012 budget and the industrial plan for 2015.  

In the mid-afternoon, Telecom Italia Media's stock on the Stock Exchange – in a rally for most of the morning – travels in the red by almost three points. 

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