
A new era is beginning for Sicilian publishing. La Sicilia, the most widely read newspaper on the island and a reference point for millions of Sicilians worldwide, is now officially under the control of Palella Holdings, the family office led by Italian-American entrepreneur Salvatore Palella, originally from Acireale and long residing in the United States, from where he oversees numerous international business ventures.
The transaction, finalized through the Sicily Investment Fund and the establishment of a new publishing company with Gianluca Spriano appointed as CEO, marks a historic handover after 80 uninterrupted years of management by the Ciancio Sanfilippo family. Through Dse, the family has published the newspaper since its founding in 1945 by Domenico Sanfilippo, a lawyer and landowner from Adrano.
SOURCE: https://www.businesswire.com
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