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Rizzoli Corriere della Sera Mediagroup SpA (RCSM.MI)

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Latest Key Developments (Source: Significant Developments)

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

Investindustrial bid on Italy's RCS above minimum threshold
Thursday, 14 Jul 2016 12:30pm EDT 

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

Italy's Cairo at 11 pct of RCS capital, rival group at 28 pct
Wednesday, 13 Jul 2016 12:48pm EDT 

Italian publisher RCS MediaGroup: cash takeover bid launched by Investindustrial and group of existing RCS shareholders reaches 3.9 percent of offer, raising stake of consortium in RCS capital to 27.8 percent . rival bid by Cairo Communication reaches 11.29 percent of RCS capital . neither offer reaches minimum threshold, set respectively at 30 percent and 35 percent of the publisher's capital .offer period for two bids expires on Friday July 15.  Full Article

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