RCS MediaGroup: Difference between revisions
→Ownership: add ref |
→Operations: add ref |
||
| Line 22: | Line 22: | ||
RCS MediaGroup's operation five it five divisions includes [[newspaper]]s, [[magazine]]s and [[book]]s, [[radio broadcasting]], the [[internet]] and digital and satellite TV; it also has a division which handles [[advertising]] sales & distribution markets across all media divisions. In Italy The group manages large daily newspapers such as [[Corriere della Sera]], publish popular magazines including [[Novella 2000]] and [[Il Mondo]]; and a diverse range of school, university, and business publications.<ref name="Yahoo"/> |
RCS MediaGroup's operation five it five divisions includes [[newspaper]]s, [[magazine]]s and [[book]]s, [[radio broadcasting]], the [[internet]] and digital and satellite TV; it also has a division which handles [[advertising]] sales & distribution markets across all media divisions. In Italy The group manages large daily newspapers such as [[Corriere della Sera]], publish popular magazines including [[Novella 2000]] and [[Il Mondo]]; and a diverse range of school, university, and business publications.<ref name="Yahoo"/> |
||
40% of group sales are generated outside Italy. In [[Spain]] through Unedisa it publishes leading daily newspaper [[El Mundo (Spain)|El Mundo]], and in France through the publishing company [[Groupe Flammarion]].<ref name="Yahoo"/> It also has representation in [[Portugal]], the [[United Kingdom]], the [[United States]] and [[China]]. |
40% of group sales are generated outside Italy. In [[Spain]] through Unedisa it publishes leading daily newspaper [[El Mundo (Spain)|El Mundo]], and in France through the publishing company [[Groupe Flammarion]].<ref name="Yahoo"/> It also has representation in [[Portugal]], the [[United Kingdom]], the [[United States]] and [[China]]. Already distributing the Italian version, in March [[2008]], RCS reached agreement with Global Media Publishing to launch a [[Russia|Russian]] version of its [[Sport Week]] magazine and develop a [[Russian (language)|Russian language]] website sportweek.ru, which will be supplemented with mobile phone services.<ref>{{citeweb|url=http://www.forbes.com/markets/feeds/afx/2008/03/10/afx4752536.html|title=RCS in Russian deal with Global Media Publishing|publisher=Forbes.com/AFX News|date=2008-03-10|accessdate=2008-05-26}}</ref> |
||
The financial investment division holds interest in the capital of major Italian companies, including [[Banca Intesa]], the internet company Dada, and [[Pirelli]] (which holds a complimentary cross-holding).<ref name="Yahoo"/> |
The financial investment division holds interest in the capital of major Italian companies, including [[Banca Intesa]], the internet company Dada, and [[Pirelli]] (which holds a complimentary cross-holding).<ref name="Yahoo"/> |
||
Revision as of 21:00, 27 May 2008
| Company type | Public (BIT: RCS) |
|---|---|
| Industry | print media |
| Founded | 1927 as A. Rizzoli & Co. |
| Headquarters |  Milan, Italy |
Key people | Angelo Rizzoli (founder) Cesare Romiti (Honorary Chairman) Piergaetano Marchetti (Chairman) Antonio Perricone CEO |
| Products | magazines newspapers |
| Revenue |  €2,379.7 million Euro (2008) |
| €219.5 million Euro (2008) | |
| Website | www.rcsmediagroup.it |
RCS MediaGroup S.p.A. (BIT: RCS) is an Italian international multimedia publishing group, based in Milan and listed on the Italian Stock Exchange.
History
Founded in 1927 by entrepreneur Angelo Rizzoli as A. Rizzoli & Co., it started in the press industry by buying out four national magazines, and later entering the publishing industry. Restructured and taken over a number of times, particularly in the 1980s when two of its executives became involved in the collapse of Banco Ambrosiano and the illegal Masonic lodge Propaganda Due - or P2. Following the 1982 death of Roberto Calvi, the group applied for bankruptcy protection and greatly downsized.[1]
Operations
RCS MediaGroup's operation five it five divisions includes newspapers, magazines and books, radio broadcasting, the internet and digital and satellite TV; it also has a division which handles advertising sales & distribution markets across all media divisions. In Italy The group manages large daily newspapers such as Corriere della Sera, publish popular magazines including Novella 2000 and Il Mondo; and a diverse range of school, university, and business publications.[1]
40% of group sales are generated outside Italy. In Spain through Unedisa it publishes leading daily newspaper El Mundo, and in France through the publishing company Groupe Flammarion.[1] It also has representation in Portugal, the United Kingdom, the United States and China. Already distributing the Italian version, in March 2008, RCS reached agreement with Global Media Publishing to launch a Russian version of its Sport Week magazine and develop a Russian language website sportweek.ru, which will be supplemented with mobile phone services.[2]
The financial investment division holds interest in the capital of major Italian companies, including Banca Intesa, the internet company Dada, and Pirelli (which holds a complimentary cross-holding).[1]
The company employs 5,197 employees, of which 3,354 are based in Italy, and the remaining mainly in Spain (1,024) and France (694).[3]
Divisions
- RCS Newspapers - Corriere della Sera
- RCS Periodicals - magazines
- RCS Books
- RCS Advertising
- AGR - RCS - news agency, which provides news and editorial content on radio, television and regional Italian web sites
- RCS Broadcast: monitors radio investments
- Digicast - publisher of digital channels, distributed in Italy through the platform Sky
- RCS Digital - manages group websites
- Dada.net - mobile telephony web entertainment. Controlled to 41.9% from November 2005
Ownership
On January 26, 2005 shareholders which control 63.527% of ordinary share capital came to a shareholders' agreement freezing, the participants from selling or trading their holdings. On March 14, 2008 the Consob group agreed to extend their agreement for another three years until 2011.[4] The members and holdings of the Consob group are:[5][6]
- Mediobanca SpA - 14.029%
- Fiat - 10.291%; through Fiat Partecipazioni Spa
- Efiparind BV family Pesenti - 7.748%, of which:
- Dorint Holding AG family Della Valle - 5.499%
- Premafin Finanziaria SpA family Ligresti - 5.462%
- Pirelli & C SpA represented by Marco Tronchetti Provera - 5.166%
- Intesa Sanpaolo represented by Corrado Passera - 5.065%
- Assicurazioni Generali - 3.762%
- Group Merloni represented by Francesco Merloni - 2.090% through Merloni Invest Spa
- Sinpar Society of investments and holdings Spa, financial Family Lucchini - 2060%
Other major shareholders outside the Consob group include:
- Benetton Group - 5.001%
- Group UBS - 5.951%; through Ubs Trust Spa
- Banco Popular - 5.951%
- Si.To. Financiere SA - 5.140%; through Partecipazioni Srl Editorials
- Joseph Rotelli - 3.949%; through Pandette Financial Corp.. Rotelli has an option to purchase the share held by Banco Popular
Timeline
The timeline of the company:[7]
- 1927 - Angelo Rizzoli launches publishing activities at his printing company “A. Rizzoli & C.”
- 1952 - company is renamed “Rizzoli Editore”
- 1974 - company purchases “Editoriale Corriere della Sera S.a.s.”, which publishes the daily newspaper Il Corriere della Sera
- 1976 - company takes over management of La Gazzetta dello Sport
- 1984 - Gemina acquires controlling holding of Rizzoli
- 1990 - acquisition of holding in Spanish company Unidad Editorial S.A., the present day holding of which is 96.1%
- 1997 - Rizzoli-Corriere della Sera is separated from Gemina’s other industrial activities, which are transferred to the new HdP company
- 2000 - acquisition of French publishing house Editions Flammarion
- 2001 - creation of Fondazione Corriere della Sera
- 2002 - acquisition of holding in Dada S.p.A., which at present stands at 46.54%
- 2003 - company is renamed RCS MediaGroup
- 2006 - acquisition of first holding in Digicast, which is now a wholly owned subsidiary
- 2007 - acquisition, through Unidad Editorial, of Spanish publishing group Recoletos Grupo de Comunicaciòn
- 2007 - acquisition of 34.6% of Finelco Group
- 2008 - acquisition, through Unidad Editorial, of 100% of VEO Television (already held at 55,4%)
References
- ^ a b c d "RCS MediaGroup". Yahoo Finance. Retrieved 2008-05-26.
- ^ "RCS in Russian deal with Global Media Publishing". Forbes.com/AFX News. 2008-03-10. Retrieved 2008-05-26.
- ^ "Financial Summary". RCS MediaGroup. Retrieved 2008-05-26.
- ^ "RCS shareholders renew pact for three years to March 2011". Forbes.com/AFX News. 2008-03-14. Retrieved 2008-05-26.
- ^ "Shareholders Relevant RCS MEDIAGROUP SPA". Consob Sp. Retrieved 2008-05-26.
- ^ "Shareholders Relevant RCS MEDIAGROUP SpA - original Italian language version". Consob SpA. Retrieved 2008-05-26.
- ^ "Our History". RCS MediaGroup. Retrieved 2008-05-26.
External links
- RCS MediaGroup - corporate website
- RCS MediaGroup in Italian at Wikipedia Italia
- RCS MediaGroup profile at Business Week
 | This Italian corporation or company article is a stub. You can help Wikipedia by expanding it. |