Bonnier Secures Control of His Media Empire—for Another 30 Years

A single family dominates the newspaper market in 129 Swedish municipalities. Now, the Bonnier family has signed a new agreement that will keep the billion-krona empire within the family for at least another 30 years. At the same time, the seventh generation is taking over the leadership of the group, which continues to grow through acquisitions and receives hundreds of millions in government media subsidies.

On Wednesday, the Bonnier-owned Today's industry a generational transition at the very top of the Bonnier family. Felix Bonnier, 41, succeeds Carl-Johan Bonnier as chairman of the holding company Albert Bonnier AB. At the same time, his relative Peder Bonnier (son of Carl-Johan Bonnier), 46, has been appointed chairman of the Bonnier Group.

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