Business

The family feud threatening Brazil’s biggest newspaper

folha newspaper

On March 18, journalists and employees of Folha de S.Paulo, Brazil’s largest (and arguably most respected) newspaper, received a bombshell in their email inbox. A 100-word blunt memo from Luiz Frias, owner of the newspaper’s parent company, informing them of the board’s decision to name Sérgio Dávila as the publication’s new editor-in-chief. Even more surprising than the news was how dismissive it was of the outgoing boss, none other than Mr. Frias’ own sister, Maria Cristina. She is simply described as “a shareholder who occupied the position for six months,” without the compliments...

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