MILAN Oct 8 RCS Mediagroup's chief
executive said on Tuesday he saw no need for a second capital
increase at the moment, after raising 410 million euros ($556
million) in July in a share issue.
"For the time being we don't see this need on the horizon,"
Pietro Scott Jovane told reporters on the sidelines of an event.
In May, shareholders of RCS voted in favour of a rights
issue of up to 600 million euros needed to keep the money-losing
Italian publisher in business.
At 1044 GMT, RCS shares were unchanged.
($1 = 0.7368 euros)
(Reporting by Claudia Cristoferi, writing by Danilo Masoni)