1999News

Family shareholder fight at the Listin Diario

Family members of the Listin Diario newspaper, the leading Dominican newspaper, have gone public with their internal conflicts. Rocio Nadal and Carmen Rocio Pellerano Nadal de Cabrera, widow and daughter of the former owner, the late Rogelio A. Pellerano, together own 75% of the shares of the newspaper. They are contesting what they call the "deficient management" of son/brother Eduardo Pellerano. In a full page paid advertisement in competing newspaper Hoy, the two make their side of the internal battle known. In their opinion, Eduardo Pellerano is leading the company to bankruptcy. They went public with their plight, after Eduardo Pellerano himself published an advertisement in the Ultima Hora afternoon newspaper that also belongs to the family.