Mediaset returns to profit

Mediaset has bounced back into the black in the first quarter following its €294.5 million loss last year, which the company blamed squarely on “the turbulence” caused by French media giant Vivendi reneging on its deal with the Italian broadcaster. Mediaset’s success in clawing its way back to profit is due to its campaign of […]

Mediaset holding co. sell €740m AC Milan

Mediaset holding company Fininvest has signed a preliminary contract with a group of Chinese investors to sell AC Milan in a deal that values the football club at €740 million, including debt estimated at €220 million. The investors, grouped together as Sino-Europe Sports Investment Management Changxing Co Ltd, include state investment group Haixia Capital and […]

Berlusconi’s Fininvest offloads chunk of Mediaset

Italian commercial broadcaster Mediaset’s shares dropped sharply in value at the end of last week on news that Silvio Berlusconi’s Fininvest holding vehicle had sold a 7.79% stake in the operation, taking Fininvest’s interest down to 33.4%. Mediaset’s shares were trading this morning at around €3.86-3.88 (US$4.41-4.43) after suffering a further fall, taking the stock […]