future of Paul Vasili Before Mediaset Spain Uncertain adventures. As I mentioned yesterday the scientist, the audiovisual group was to decide to dismiss the Italian director, at the helm of the company in our country for 23 years, in a move that will become official this month. Among the reasons for leaving, I would like to highlight the complex period that the audience of channels such as Telecinco or Cuatro is going through, lagging behind the Atresmedia audience for ten months.
Media For Europe noted that the relationship with Vasile “was and will remain excellent”.
However, Mediaset has neither confirmed nor denied this news. for this part, Media for Europe (MFE), The major shareholder of Mediaset España who owns approximately 83% of the capital has issued a statement regarding this situation. “Regarding the rumors that have appeared today on the main Spanish press websites, MFE announces that Paulo Vasili has not ceased to be CEO of Mediaset España and that the results he has obtained during his 23 years of management are unique and exceptional. The relationship with the shareholder was and will continue to be excellent“.
However, as mentioned five daysItalian sources close to the operation indicated that The departure of Paolo Vasili has been planned and approved For several months, although the movement will not be related to decrease in the masses Experienced by the main channels of the group. For its part, sources from the sector in Spain indicated, according to what was mentioned the scientistHe would have indicated that the change in the company’s top management would begin at an extraordinary meeting to be held on October 26. Moreover, according to Country, It would be an exit by mutual agreement delayed in time by the pandemic.
All in all, last April, the Board of Directors of Mediaset España re-elected Paolo Vasili as Paolo Vasili as CEO, a position he has held since 1999. In the same act, Borja Prado He was appointed president of the company, after 17 years as a member of the company’s board of directors and 12 years as an independent director.
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In the background of these movements is restructuring process It is indulged by Media for Europe, a communications group controlled by the Silvio Berlusconi family. The company’s goal is to create a European giant capable of taking on streaming giants, such as Netflix or HBO, which is why many explain that Vasile’s character, shaped in an analog television model, will not fit into the organization’s future.
Paolo Vasile has been associated with Mediaset España for more than two decades. He came to the company from Rome, where he led the company’s production center in the Italian capital. Upon arriving in Spain, he quickly became the CEO. At 70 years old, Vasily, in addition, takes on other responsibilities. He is the Chairman and CEO of Publiespaña, Responsible for advertising marketing, head Telecinco Cinema, Conecta 5 Telecinco, and Grupo Editorial Tele5.
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