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Rizzoli Corriere della Sera Mediagroup SpA (RCSM.MI)

RCSM.MI on Milan Stock Exchange

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8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

RCS Mediagroup 9-mth net result turns to profit of EUR 19.8‍​ mln
Friday, 10 Nov 2017 

Nov 10 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA ::9-MONTH REVENUE EUR 657.7 MILLION VERSUS EUR 709.4 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 19.8‍​ MILLION VERSUS LOSS EUR 17.4 MILLION YEAR AGO.RESULT TARGETS FOR 2017 ARE CONFIRMED‍​.  Full Article

RCS Mediagroup July-September inflows in Italy up 3.4% YOY‍​
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA :SAYS JULY-SEPTEMBER INFLOWS IN ITALY UP 3.4% YOY, IN SEPT UP MORE THAN 10%‍​.  Full Article

RCS Mediagroup FY net result swings to profit of EUR 3.5 mln
Friday, 17 Mar 2017 

Rizzoli Corriere Della Sera Mediagroup SpA : FY net profit 3.5 million euros ($3.76 million) versus loss 175.7 million euros a year ago . FY revenue 968.3 million euros versus 1.03 billion euros a year ago . Says sees 2017 EBITDA at around 140 million euros with EBITDA margin showing a significant growth (to 15%) .Sees 2017 revenue slightly down (around -2%) mainly due to the termination of some advertising sales contracts.  Full Article

RCS Mediagroup Q2 net result swings to profit of EUR 19.9 mln
Wednesday, 3 Aug 2016 

Rizzoli Corriere della Sera Mediagroup SpA : Q2 net profit 19.9 million euros ($22.29 million) versus loss 60.2 million euros year ago . H1 net loss 2.1 million euros versus loss 95.4 million euros a year ago . H1 revenue 504.1 million euros versus 519.3 million euros a year ago . Net financial debt at June 30, 2016, 422.4 million euros versus 526.3 million euros at June 30, 2015 . Results achieved in the first half year of the plan's implementation confirm the possibility to reach the objectives set for 2016 .Group feels it is reasonable to believe that the goal to save 60 million euros by the end of 2018 will be reached already in 2016.  Full Article

Cairo Communication reaches 60 pct stake in RCS MediaGroup
Thursday, 28 Jul 2016 

Cairo Communication:has 59.7 percent of RCS MediaGroup at end of takeover of Italian publisher, according to data released by the Milan bourse.  Full Article

Della Valle says to keep current RCS stake, may even raise it
Thursday, 28 Jul 2016 

Rizzoli Corriere Della Sera Mediagroup: Italian businessman Diego Della Valle says wants to remain second biggest shareholder in the Italian publisher with current stake or even a bigger one . Della Valle owns 7.3 percent of RCS Further company coverage: [RCSM.MI] (Reporting by Milan Newsroom).  Full Article

Cairo Communication reaches 50.1 pct of RCS capital
Friday, 22 Jul 2016 

Rizzoli Corriere Della Sera Mediagroup: Cairo Communication at 50.13 percent of the Italian publisher's capital in takeover bid - stock exchange . Investors who took up a losing bid on RCS have five days from Friday to tender their shares to Cairo instead .Cairo's cash-and-share offer trumped a rival all-cash bid by a group of existing RCS investors and private equity firm Investindustrial [nL8N1A14GL].  Full Article

Italy's RCS creditor banks give up reimbursement option
Friday, 22 Jul 2016 

Italy's Cairo Communication says:All the banks financing RCS MediaGroup will give up their option to request advanced reimbursement of debt after the change of control at Milan-based publisher RCS.  Full Article

Italy market regulator asked to check regularity of Cairo bid on RCS
Thursday, 21 Jul 2016 

Italian publisher RCS MediaGroup:A group of existing RCS investors and Investindustrial that lost the battle to gain control of RCS have asked Italy's market regulator to check the regularity of the winning rival bid by Cairo Communication.  Full Article

Investindustrial bid on Italy's RCS above minimum threshold
Thursday, 14 Jul 2016 

Italian publisher RCS MediaGroup: cash takeover bid by Investindustrial and existing RCS shareholders reaches 7.22 percent of offer, bringing the consortium's total stake in RCS capital to 30.35 percent, just above the bid's minimum threshold set at 30 percent . cash and share bid by Cairo Communication reaches 22 percent of RCS capital, below its 35 percent minimum threshold .offer period for two bids expires on Friday July 15.  Full Article

UPDATE 1-Soccer-Shock and grief in Italy as World Cup dream implodes

* Fans say result reflects broader problems in Italy (Adds Renzi's comment, newspaper shares falling)