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November 27th

University Bocconi

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Editor in Chief and CEO, Class Editori

Paolo Panerai is Vice President and CEO of Class Editori Spa, which he established in April 1986 to create an independent source of financial information. The Company, listed on the Italian Stock Exchange in 1998, reached a total turnover of more than 121 million euros in 2006. Class Editori operates in several activity areas, employing more than 300 people within the divisions of: newspapers, magazines, press agencies, electronic publishing, radio, televisions, and professionals’ products and services. Besides being manager and main shareholder, Paolo Panerai is also Editor in Chief for all newspapers and magazines, including those for the radio and television. After studying Law University at Genua, Mr. Panerai, at age 16 started collaborating with the local Grosseto bureau of “La Nazione”. He then joined “Il Secolo XIX” and in 1969 “ Panorama”. In 1979 e was responsible for the transformation of “Il Mondo” from a weekly coverage a many topics to one focused on finance. In March 1980 he started the magazine “Capital”, followed by “Auto Capital”, “LineaCapital” and “SportCapital”. In1986 he left his post at “Il Mondo” to establish Class Editori. The Company today publishes the news dailies, “MF/Milano Finanza”, “MF Fashion” (of which an electronic version in English is published) and ItaliaOggi, the women’s magazine “LUNA”, men’s magazines, “Capital”,“Class”,“Gentleman” and “Patrimoni”, the monthly English finance magazines “Global Finance” and “Lombard”, and the lifestyle magazines “Case & Country”, “Campus” and “Gentleman Real Estate”. With the multimedia revolution of the 90’s, Mr. Panerai developed Class Editori’s multimedia business by starting MFSat in 1997 – digital satellite service of financial information; then PMF news agency – now a joint venture with Dow Jones & Co. under the name of MF/Dow Jones News. In 2000 Cfn/Cnbc (now Class CNBC) was born, a TV channel about international finance broadcasted through satellite and the Internet, as was Mf Trading a platform for on-line trading information and services. In 2001 Radio Classica become the first radio dedicated to updates on financial markets and classical music. In December 2003 Class News, was launched, the first all-news channel developed for terrestrial digital. On September 25th 2005, to enrich Class Editori’s television offering, with fashion, luxury and lifestyle, Class Life was developed as the first Italian channel dedicated to the pleasures of life, broadcasted every weekend on Sky 505, on terrestrial digital, and on Rosso Alice’s portal ( In May 2006 Class Editori obtained the Italian Communication Ministry’s authorisation to launch the satellite radio, which it operates through Worldspace Italia Spa, a company in which the publishing house holds a stake. As a result of a partnership with Thomson Financial, since last February is on the market the workstation MF-Thomson, the most comprehensive and tailored market data trading solution for Italian institutional and retail financial institutions. Paolo Panerai has also received the title honoris causa from Providence University (USA) for his entrepreneurial involvement in the production of wine in Italy’s Tuscany region. An activity he began in 1980.