MS.MI - Mediaset S.p.A.

Milan - Milan Delayed Price. Currency in EUR
2.6690
+0.0260 (+0.98%)
At close: 5:35PM CEST
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Previous Close2.6430
Open2.6580
Bid2.6720 x 0
Ask2.6800 x 0
Day's Range2.6180 - 2.6920
52 Week Range2.4260 - 3.0860
Volume2,452,789
Avg. Volume2,262,868
Market Cap3.035B
Beta (3Y Monthly)1.60
PE Ratio (TTM)5.65
EPS (TTM)0.4720
Earnings DateNov 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-05-23
1y Target Est3.06
  • Financial Times

    Family feud at La Repubblica owner bursts into the open

    A feud at one of Italy’s most powerful dynasties has burst into the open after tycoon Carlo De Benedetti sought to regain a stake in the newspaper business he founded and has accused his sons of mismanaging. Shares in GEDI media group, which is home to titles including La Repubblica and La Stampa, surged more than 15 per cent on Monday after the octogenarian made a €38m offer over the weekend to buy a 30 per cent stake in the group. The 84-year-old, who has been a towering figure in Italian media for almost half a century, also launched a withering attack on his sons Rodolfo De Benedetti, 58, and Marco De Benedetti, 57, to whom he handed control of GEDI in 2012.

  • Reuters

    REFILE-UPDATE 1-Italy's economy minister sees web tax launch next year

    Italy will implement a planned "web tax" in 2020, obliging big digital companies to pay a 3% levy on some Internet transactions, Economy Minister Roberto Gualtieri said on Tuesday. Italy and fellow European Union members have long complained about the way Facebook, Google and other web giants collect huge profits in their countries but pay taxes of a few million euros at most. Digital companies shift earnings to low- or no-tax locations such as Ireland and international treaties protect them against paying tax in countries where they do not have what is termed a "permanent establishment".

  • Thomson Reuters StreetEvents

    Edited Transcript of MS.MI earnings conference call or presentation 30-Sep-19 4:00pm GMT

    Q2 2019 Mediaset SpA Earnings Call

  • These Billionaires Need To Negotiate a Media Deal
    Bloomberg

    These Billionaires Need To Negotiate a Media Deal

    (Bloomberg Opinion) -- Vincent Bollore is developing an unfortunate habit of losing. The French billionaire who controls Vivendi SA emerged bruised from the latest round of his battle with former Italian prime minister Silvio Berlusconi. Bollore has been trying to block the merger of Berlusconi’s Mediaset SpA with its Spanish subsidiary. Vivendi is the second-biggest investor in Mediaset but Bollore has so far been outmaneuvered. The Frenchman’s best chance of redemption lies in the courts. If he doesn’t want to imperil the deal, Berlusconi should do more to cozy up to his French adversary.The Mediaset merger will create a new Amsterdam-domiciled holding company called Media for Europe which will concentrate even more votes with the Berlusconi family, at the expense of Vivendi – that’s why Bollore wants to block the deal.The French media conglomerate owns 29% of Mediaset. However, it is currently only allowed to exercise 9.6% of the voting rights, after the Italian regulator asserted that Vivendi’s concurrent stake in Telecom Italia SpA breached rules on the concentration of media and telecoms ownership.Mediaset shareholders voted on Wednesday to approve the Spanish merger, much to Vivendi’s chagrin. Bollore now has two paths to try to block the deal. Firstly, he could exercise Vivendi’s withdrawal rights, whereby Mediaset has to pay a set fee for the French firm’s stake.That approach shouldn’t be an appealing one for Bollore. Vivendi would have to book a loss on the purchase price since it would receive 942 million euros ($1 billion) for the stake under the terms of the withdrawal, less than the roughly 1.1 billion euros it paid for it. It would also be less than the holding’s current 962-million-euro market value. What’s more, it may not even have the desired effect of blowing up the deal: Mediaset’s net debt is currently less than its forward 12-month Ebitda, well below the 1.7 times Ebitda average of its peers. That leaves plenty of headroom to fund the share purchase on the debt markets.The second avenue is the legal one. The chances there look more promising. Vivendi is seeking the ability to exercise its full voting rights in a case that an Italian court has referred to the European Court of Justice. Should the court rule in Vivendi’s favor, then it would likely have the votes to block the deal. Reuters reported in July that early European Commission legal advice suggests that restricting the voting rights contradicts laws on free movement of capital. Vivendi reiterated on Wednesday it will pursue all legal channels.The ECJ is unlikely to rule before next year, according to Reuters. Yet Mediaset has said it expects the merger to close by the end of this year. If Vivendi won the court case, it could mean that the merger would have to be unraveled, likely after the deal completes.  It would all get very messy.It’s therefore in Berlusconi’s interest to get Bollore and his lieutenants back to the negotiating table. And regardless of the court ruling, does Berlusconi really want his second-biggest shareholder to be sniping at his strategy for the foreseeable future? There may yet be a way of keeping everybody happy.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 5-Italy's 5-Star votes in favour of PD coalition, opening way for government

    Members of Italy's anti-establishment 5-Star Movement overwhelmingly backed a proposed coalition with the centre-left Democratic Party (PD) on Tuesday, opening the way for a new government to take office in the coming days. In an online ballot, 79.3% of 5-Star supporters voted in favour of joining forces with the PD, their long-time political adversaries, while 20.7% opposed the alliance, party leader Luigi Di Maio told reporters.

  • Berlusconi Battles Billionaire to Build Netflix Rival
    Bloomberg

    Berlusconi Battles Billionaire to Build Netflix Rival

    (Bloomberg Opinion) -- Former Italian Prime Minister Silvio Berlusconi and French billionaire Vincent Bollore are locking horns again in a battle to lead the southern European charge against Netflix Inc. Bollore, who controls media conglomerate Vivendi SA, lost the first round against Berlusconi in 2017. He’s well positioned to do better in the second. Think of it as a European version of HBO’s hit show “Succession,” where a rival takes on an aging but still powerful media baron. The two tycoons are sparring over the future of Mediaset SpA, the Italian broadcaster that Berlusconi founded and controls. The Milan-based company plans to merge with Spanish affiliate Mediaset Espana Comunicacion SA and redomicile in the Netherlands. The move will consolidate the control that Berlusconi, 82, and his family, through investment vehicle Fininvest, have by giving them extra voting rights in the new company, which will be called MediaForEurope.It’s a prospect that Bollore, 67, must be loath to countenance. Vivendi owns 29% of Mediaset and plans to oppose the deal in a shareholder vote Sept. 4 since it will further diminish its influence, Bloomberg News reported on Wednesday. While Berlusconi needs a two-thirds majority to approve the merger, Vivendi may only be able to exercise 9.6% of the voting rights because most of its shares sit in an independent trust as a result of a 2017 reprimand from the Italian regulator -- Bollore’s initial defeat by Berlusconi. Luckily Vivendi has another lever it might exercise. The deal will fall through if shareholders owning more than 180 million euros of stock exercise a withdrawal right, whereby Mediaset has to pay investors opposing the merger a set price for their shares. Even if Vivendi were only to exercise the rights on its 9.6% direct stake, that would top 300 million euros, potentially scuppering Berlusconi’s plans.It might just give Bollore the leverage he needs to realize a long-held goal: creating a southern European content champion that can better compete with Netflix. Doing so would likely mean selling the stake at a loss, but the threat could  force Berlusconi back to the negotiating table to forge some sort of alliance to pool Vivendi and Mediaset content. After all, the merger of the two Mediasets in Italy and Spain has a similar intention, to create a new video content giant.That’s how Bollore ended up with a stake in Mediaset to begin with. Back in 2016, he pulled out of a deal to buy Berlusconi’s Mediaset Premium (the pay TV arm that has since been sold to Comcast Inc.’s Sky unit) for some 800 million euros, instead buying up shares in the parent firm. Since Vivendi is also the biggest shareholder in Telecom Italia SpA, Italy’s communications regulator made the French firm forfeit most of its Mediaset voting rights, saying that the dual stakes breached rules concerning concentration of media and telecoms ownership.Bollore has been left with stakes in two Italian companies worth a combined 3.2 billion euros, but over which he has little influence. He also suffered a galling defeat at the hands of activist Elliott Management Corp. for control of Telecom Italia last year. He now has an opportunity to salvage some of the plans that first got him into this mess.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Are Investors Undervaluing Mediaset S.p.A. (BIT:MS) By 38%?
    Simply Wall St.

    Are Investors Undervaluing Mediaset S.p.A. (BIT:MS) By 38%?

    Today we will run through one way of estimating the intrinsic value of Mediaset S.p.A. (BIT:MS) by taking the expected...

  • Have Insiders Been Selling Mediaset S.p.A. (BIT:MS) Shares This Year?
    Simply Wall St.

    Have Insiders Been Selling Mediaset S.p.A. (BIT:MS) Shares This Year?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Thomson Reuters StreetEvents

    Edited Transcript of MS.MI earnings conference call or presentation 14-May-19 4:00pm GMT

    Q1 2019 Mediaset SpA Earnings Call

  • How Can Berlusconi’s Mediaset Stay Italian? By Becoming Dutch
    Bloomberg

    How Can Berlusconi’s Mediaset Stay Italian? By Becoming Dutch

    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.

  • Reuters

    ProSieben, RTL set up German advertising joint venture

    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.

  • Reuters

    ProsiebenSat, Mediaset deny talks on creating pan-European TV company

    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.

  • Reuters

    Mediaset strengthens hand for European TV merger talks with Pro7 stake

    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.

  • TV Giants' Tie-Up Is Among the Stranger Things
    Bloomberg

    TV Giants' Tie-Up Is Among the Stranger Things

    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.

  • Reuters

    ProSieben CEO says welcomes Mediaset investment

    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 ...