MILAN, March 26 Italian media businessman Urbano
Cairo did not rule out on Wednesday increasing his stake in RCS
MediaGroup, the publisher of Italy's top selling
newspaper Corriere della Sera.
"I cannot say that," Cairo said, when asked about the
possibility he might increase his stake. "This is something that
you communicate after doing it, but until you do it you don't
say what you would like to do".
RCS shareholders are divided over strategy. The company's
third-largest investor Diego Della Valle, chairman of shoe maker
Tod's, has criticised current RCS CEO Pietro Scott
Jovane and proposed that Cairo replace him.
Shares in RCS MediaGroup have risen sharply this month after
the loss-making Italian publisher said it would cut costs and a
brokerage raised its rating on the stock.
(Reporting by Claudia Cristoferi, writing by Danilo Masoni)