The director of Diário de Notícias (DN) told the newspaper's editorial board that he has not yet had any contact with the new management of the Global Media Group, which was appointed at the general meeting of February 19, and therefore he does not know what the matter is. Being.Dedicated to the newspaper.
According to a statement issued by the newspaper's editorial board, José Giudice also said that he was concerned about the possible scenario of layoffs, as a result of the already known intention of Global Media's management to cut costs, reversing some decisions taken by the previous Executive Committee. Led by José Paulo Favi.
At the beginning of January, a roster of 35 employees was announced to strengthen the distinguished name and also the administrative areas of the group. The decision sparked strong controversy because the possibility of a mass separation of the group of between 150 and 200 people was on the table due to the pre-bankruptcy situation that the administration said at the time existed. The costs of these appointments were then estimated at €2.3 million, and one of the intentions of the current administration was to cancel some of these appointments.
José Godes took over his position as director at the beginning of October, as did Ana Cáceres Montero, who became deputy director. Both were nominated by José Paulo Favi and rejected by the editorial board, but the management decided to keep them. DN's management also consists of Deputy Director Felipe Garcia, who joined later, and Deputy Director Leonidio Paulo Ferreira, a journalist who served as interim director twice, first in April 2020 to replace Ferreira Fernandez – who resigned due to restructuring measures announced by the management – and then in September. 2023 when Rosalia Amorim takes over the presidency of TSF.
Expresso questioned José Giudice about the position taken before the editorial board and whether he had any indication of the steps taken by the management to make changes to the direction of DN. The newspaper director replied: “I do not have any specific and confirmed information about the changes in the editorial project of DN.” “What the DN editorial board statement says is true – there has been no initiative from Global Media management and the new officials to meet with DN management since the management reshuffle, so I don’t know officially what their plans, projects or intentions are, whether in editorial or work matters. I can’t say “More than that, it's just speculation.”
New trends in JN, O Jogo and TSF
In contact with Expresso Vitor Coutinho, one of the new administrators charged with the role of CEO said that there is nothing to communicate with him at the moment. Management has already made changes at Açoriano Oriental, removing the director's position from journalist Rui Pedro Paiva, a decision said to be due to “financial issues”. An internal solution was reached with the journalist Paula JoffeTo appoint him as interim director But regarding changes to the distinctive name, silence prevails.
DN and Açoriano Oriental are among the titles that will remain under Global Media as others such as Jornal de Notícias, O Jogo and TSF are sold to a group of investors, although Global Media will retain a 30% stake. from the capital. These companies will be grouped into Notícias Ilimitadas, the capital of which will be controlled by five investors – OTI Investimentos, from the Officetotal group, Parsoc – Investimentos e Participações, Ilíria – Serviços de Consultoria e Gestão, Mesosystem, and Domingos Andrade, managing director of the editorial office of the magazine. Titles that Will be sold – JN, O Jogo, Notícias Magazines, Evasões, Volta ao Mundo, JN História and also NTV and Delas. In total, the five will receive 61%. In addition to the 30% of Global Media, there will be 9% that will be allocated to workers in those titles.
Global Media's new management has already decided to form new editorial directions for JN, O Jogo and TSF, although they will soon no longer control these titles. At JN, Inés Cardoso will remain director and Pedro Evo Carvalho is deputy director – who will also be director of Volta ao Mundo magazine. Vitor Santos, O Jogo's director until now, returns to running the newspaper in the role of CEO.
At the sports newspaper, Jorge Maia rose to the position of manager and sought out João Araujo for the position of deputy manager he had previously held. At TSF, Domingos Andrade is managing director and Nuno Dominguez has been appointed director, and no one else has been appointed to manage the radio in which the German group Bauer Media has already shown interest.
Manuel Molinos, who was deputy director of JN, became digital editorial director of TSF, JN and O Jogo.
Waiting for the contract to be signed
The promissory note for the purchase and sale of securities is scheduled to be signed soon, because the signing of the exit agreement for the investment fund World Opportunity Fund (WOF), which still controls the majority of Global Media's capital, is also coming soon. The fund, registered in the tax haven of the Bahamas, ended up succumbing to pressure and selling 51% of its shares in Páginas Civilizados, a company that in turn owns 50.25% of Global Media. The other 49% of Páginas Civilizados is owned by businessman Marco Galeña, who will buy the fund's position and retain all the capital. Thus, the “new” global media will be controlled by Marco Galeña, who also counts José Pedro Suero and Kevin Ho as shareholders, with 49.75% of the capital.
WOF's short stay at Global Media was surrounded by controversy, with doubts surrounding the true intentions of this investment, as it was never known who its owners were. In fact, the period of 15 working days granted by the Social Communications Regulatory Authority (ERC) to the Fund to comment on the decision taken by the Regulatory Authority has expired, after which the ownership and voting rights of Páginas Civilizados na Global Media are suspended. This comes as a result of the administrative action announced by the Telecommunications Regulatory Authority in light of the lack of transparency regarding the ownership of the fund.
Another factor putting pressure on the fund is the precautionary seizure measure introduced by Marco Galinha, which had a positive decision. The businessman, owner of the BEL Group, wanted to make sure that he would recover the money he had invested in the company, amounting to about 2.2 million euros.
The issue of late payments to workers, including those with a green receipt, has also been resolved, except in relation to the Christmas bonus.
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