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Sole 24 Ore, board of directors decides the fate of the Director

On Monday, an extraordinary council of the Sole 24 Ore will decide the fate of the Director Roberto Napolitano after the notice of guarantee received together with 9 managers for false corporate communications (in practice for having inflated the digital and paper copies) and the decision to strike to the bitter end of the journalists until his removal – Probable an internal regency

An extraordinary meeting of the board of directors of Sole 24 Ore will decide tomorrow the fate of the director of the newspaper, Roberto Napoletano after his registration in the list of suspects for false corporate communications (basically for having inflated the digital and paper copies, with consequent alteration of the balance sheet data and influence on the quotation of the share on the Stock Exchange) together with 9 managers (some, including Mr Quintarelli, also under investigation for undue) and after the indefinite strike of journalists who do not intend to release the newspaper until Napoletano has left.

The fate of Napoletano, who is also director of Radio 24 and of the Radiocor agency and whom Milan's prosecutors consider "the real CEO of Sole 24 Ore", appears sealed, even if the modalities of his step backwards (self-suspension or removal) remain to be defined. It is possible that the management of the newspaper will be entrusted to an internal regent, probably in the person of the deputy director Alberto Orioli.

In the face of what the assembly of journalists has "defined as the darkest moment in the history of the Sole 24 Ore", it cannot be said that Confindustria, in its capacity as controlling shareholder, has so far had the sensitivity and readiness to act quickly in the face of a crisis in the newspaper that had been evident for a long time and above all in the face of a vertical collapse of its reputation and credibility. But now, after the intervention of the judiciary and the assembly of journalists, the situation has become unsustainable and the changing of the guard seems inevitable.

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