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Rizzoli Corriere della Sera Mediagroup SpA (RCSM.MI)

RCSM.MI on Milan Stock Exchange

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

RCS Mediagroup H1 net result swings to profit of EUR 24 million
Thursday, 3 Aug 2017 06:50am EDT 

Aug 3 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA ::H1 NET PROFIT EUR 24 MILLION VERSUS LOSS EUR 2.1 MILLION YEAR AGO.H1 REVENUE EUR 471.7 MILLION VERSUS EUR 504.1 MILLION YEAR AGO.CONFIRMS FY 2017 TARGETS.  Full Article

Italy's RCS chairman confirms publisher's profit guidance for 2017
Wednesday, 12 Jul 2017 08:00am EDT 

July 12 (Reuters) - Urbano Cairo, chairman and CEO of Italian publishing group RCS, tells journalists at a press conference::confirms a 45 million euro guidance for profit in 2017, altohugh the target is "challenging" because of a lackluster market.rules out buying Radio24 unit from ailing publisher Il Sole 24 Ore .  Full Article

RCS Mediagroup signs agreement with Intesa Sanpaolo for EUR 332 mln financing
Wednesday, 5 Jul 2017 02:35am EDT 

July 5 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA :HAS REACHED AGREEMENT WITH INTESA SANPAOLO <<>> FOR CREDIT LINES FOR TOTAL EUR 332 MLN VALID TILL DEC 31, 2022.CREDIT LINES TO BE USED FOR DEBT REFINANCING.  Full Article

Mediobanca may raise dividend payout depending on M&A opportunities-CEO
Wednesday, 10 May 2017 01:46pm EDT 

May 10 (Reuters) - Mediobanca CEO Alberto Nagel tells media call::may consider slightly increasing dividend payout in current financial year if capital allows it but depends on M&A opportunities, bank always on the lookout.results in current financial year will be ahead of targets incorporated in 2017-2019 business plan for first year.has revised upwards price at which it would sell its stake in RCS in light of publisher's improving performance.third quarter was exceptionally good and "can't be the norm" but expects good results also in current quarter.nothing has changed regarding disposal strategy of stake in Generali .  Full Article

RCS Mediagroup Q1 net loss shrinks to EUR 5.7 mln
Tuesday, 9 May 2017 09:37am EDT 

May 9 (Reuters) - RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA ::Q1 REVENUE EUR 213.4 MILLION VERSUS EUR 219.8 MILLION YEAR AGO.Q1 NET LOSS EUR 5.7 MILLION VERSUS LOSS EUR 22 MILLION YEAR AGO.THE OBJECTIVES FOR 2017 HAVE BEEN CONFIRMED INCLUDING EBITDA TOTALLING AROUND EUR 140 MILLION.  Full Article

RCS Mediagroup sees 2017 revenue between EUR 940 mln and EUR 950 mln
Tuesday, 21 Mar 2017 04:29am EDT 

Rizzoli Corriere della Sera Mediagroup SpA :Sees 2017 revenue between 940 million euros ($1.01 billion) and 950 million euros, up 1 pct year on year (excluding contracts for third-party publishers ended at the beginning of 2017).  Full Article

RCS Mediagroup 9-month net loss shrinks to EUR 17.4 mln, confirms 2016 forecasts
Wednesday, 9 Nov 2016 07:47am EST 

Rizzoli Corriere della Sera Mediagroup SpA : 9-month revenue 709.4 million euros ($781.90 million) versus 743.0 million euros a year ago . 9-month net loss 17.4 million euros versus loss 126.4 million euros a year ago . Net debt at Sept. 30 of 382.9 million euros, an improvement of more than 117 million euros year on year .Can confirm the objectives forecast for 2016.  Full Article

RCS Mediagroup Q2 net result swings to profit of EUR 19.9 mln
Wednesday, 3 Aug 2016 06:48am EDT 

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 12:54pm EDT 

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 11:02am EDT 

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