|Bid||2.8800 x 0|
|Ask||2.9220 x 0|
|Day's Range||2.8810 - 2.9240|
|52 Week Range||2.4260 - 3.0380|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||6.49|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.06|
Silvio Berlusconi is the arriviste media mogul and former Italian prime minister who is as infamous for his “bunga bunga” parties as his business empire. The Agnellis are often dubbed Italy’s royal family, and have stewarded Fiat and its offshoots since paterfamilias Giovanni Agnelli founded the carmaker 120 years ago. Mediaset SpA, the media conglomerate that Berlusconi controls, announced on Friday it would merge with its majority owned Spanish subsidiary and domicile the new company in the Netherlands. After combining Fiat with Chrysler in 2014, the Agnellis arranged a Dutch domicile for the new entity, Fiat Chrysler Automobiles NV.
One man not shy of the camera is Silvio Berlusconi. Some of the companies he controls, like Mediaset of Italy, deserve lesser billing. Mediaset and its subsidiary Mediaset España will exchange shares for those in the new Netherlands-based company.
Mediaset, the Italian broadcaster controlled by Silvio Berlusconi, will create a new holding company based in the Netherlands which will become the parent group of its Italian and Spanish TV businesses as it seeks to create a European television group. Mediaset said the new Dutch holding company MediaForEurope would be dual-listed in Italy and Spain, but remain fiscally resident in Italy.
German broadcaster ProSiebenSat.1 and the local unit of RTL Group said on Wednesday they were setting up a joint venture to enable buyers of adverts to target audiences more accurately. Such 'addressable' TV seeks, for example, to ensure that cat food commercials are seen by cat owners, just as online advertising relies on profiles of people compiled on the basis of their surfing habits. Expanding an existing ad alliance, the partners said the joint venture would run a single demand-side platform to manage automated ad sales.
MILAN/FRANKFURT, May 31 (Reuters) - Broadcasters ProSiebenSat.1 and Mediaset denied a newspaper report on Friday that they were in talks on creating a pan-European TV company after the Italian media house bought a 9.6% stake in its German rival this week. The holding company would be based in the Netherlands or Belgium and not in countries such as Italy, Spain or Germany where the broadcasters have much of their business, Italian daily Il Messaggero reported, citing a plan drawn up by Mediaset's adviser Citi. ProSieben was focusing on the launch next month of its streaming joint venture with Discovery Inc, called Joyn, as well as initiatives to develop 'smart' advertising, Conze added in a statement.
MILAN/FRANKFURT (Reuters) - Italian broadcaster Mediaset has bought a 9.6% stake in Germany's ProSiebenSat.1, effectively securing a seat at the table in any future discussions on creating a pan-European TV company. The news of the 330 million euro ($368 million) investment follows months of speculation that Mediaset, controlled by former premier Silvio Berlusconi's holding company Fininvest, wanted to merge with Munich-based ProSieben. Both companies, as well as European rival RTL Group and Britain's ITV, are struggling with weak advertising revenues as younger viewers shift to streaming offerings from Netflix and Amazon Prime.
On Wednesday, Italy’s Mediaset SpA said it had acquired almost 10 percent of German commercial broadcaster ProSiebenSat.1 Media SE. As I argued with the M7 deal, for Mediaset and ProSieben, there’s absolutely a logic to teaming up. The digital onslaught means that broadcasters are losing viewers to Netflix Inc. and Amazon.com Inc.’s Prime, and hemorrhaging advertisers to Alphabet Inc.’s Google and Facebook Inc. In response, they’re scrambling to build video-on-demand platforms that appeal to their local audiences, and advertising technology offerings to stanch the loss of brands.
Italian broadcaster Mediaset SpA has bought a stake in Germany’s ProSiebenSat.1 Media SE as it seeks to diversify beyond its home country and fend off growing competition from Netflix Inc. The 9.6% holding is worth about 340 million euros ($380 million), based on ProSieben’s closing price on Tuesday. ProSieben shares gained 4.4% as of 10:36 a.m. in Frankfurt, while Mediaset fell less than 1%.
FRANKFURT (Reuters) - ProsiebenSat.1 Media said on Wednesday it welcomed news that Italy's Mediaset had acquired a 9.6% stake in the German broadcaster. "We welcome Gruppo Mediaset's investment and ...
Italy's antitrust regulator will impose a three-year ban on Sky's Italian business from distributing exclusive contents on its online video-streaming service platform, it said on Wednesday. The move follows a deal between Sky Italia and Italy's biggest commercial broadcaster, Mediaset, which the regulator said would further limit competition in a market where Sky Italia is already a dominant player.
Italy's elderly former prime minister Silvio Berlusconi was taken to hospital with severe kidney pain on Tuesday and missed a political event by his party whom he is standing for in next month's European Parliament election. The 82-year-old media tycoon has faded as a political force since being forced to quit as prime minister in 2011 but still leads his conservative Forza Italia (Go Italy) party.
Former Italian Prime Minister Silvio Berlusconi was taken to hospital on Tuesday for renal colic, a spokeswoman for his Forza Italia party said, adding the 82-year-old media tycoon still planned to attend ...
Former Italian prime minister Silvio Berlusconi was taken by ambulance to Milan's San Raffaele hospital suffering abdominal pain on Tuesday, a source familiar with the situation said. The source gave no ...
Former Italian prime minister Silvio Berlusconi was taken by ambulance to Milan's San Raffaele hospital on Tuesday, newspaper Corriere della Sera reported on its website. Corriere said the condition of ...
Italy's top commercial broadcaster Mediaset plans to close its pay-TV channels and move their content to a video streaming service after losing 80 percent of its paying clients in six months, a source close to the matter said. The move is part of a downsizing of the group's pay-TV unit, which is called Mediaset Premium, following years of losses and a failed sale to French media group Vivendi. After years of heavy spending to secure soccer rights as it competed with rival Sky Italia, Mediaset Premium then cut back on investment.
Mediaset S.p.A. (BIT:MS), which is in the media business, and is based in Italy, saw a double-digit share price rise of over 10% in the past couple of months on the BIT...
Italy's Mediaset will make a decision on a possible pan-European free-to-air television alliance by the time of a July 25 board meeting, its chief executive said on Thursday. The board meeting had already been scheduled to review the broadcaster's decision not to pay a dividend for 2018. The broadcaster, owned by former Prime Minister Silvio Berlusconi's holding company Fininvest, has in recent months repeatedly raised the idea of creating a pan-European TV player to fend off competition from established rivals and new entrants.