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Rizzoli Corriere della Sera Mediagroup SpA (RCSM.MI)

RCSM.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Cairo Communication reaches 50.1 pct of RCS capital
Friday, 22 Jul 2016 01:38pm EDT 

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 01:02am EDT 

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 06:23am EDT 

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

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