Billionaire Saade’s Wife Takes Charge of Expanding Media Empire

France’s billionaire Saade clan has kept business operations under tight family control for more than four decades. The practice is intensifying across the second-generation as scion Rodolphe Saade’s wife takes charge of their rapidly expanding media division.

Veronique Albertini-Saade, 49, will add their biggest-ever media acquisition to her portfolio as head of the family’s communications division. The deal for Altice Media, with a total enterprise value of €1.55 billion ($1.7 billion), is expected to clear regulatory hurdles in coming weeks. It will hand influential French news channel BFM TV and popular radio station RMC to the family that ...