RAI sells TV unit to RCS

Group to develop, launch two niche channels

MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group.

The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake in RAI’s digital unit RAISat.

Niche channels

RCS prexy Cesare Romiti said that his group will develop and launch two niche channels to be distributed on Telepiu’s digital service, D+. Telepiu is Italy’s leading digital TV platform, and RAI is a minor shareholder in the company. RAISat already produces six theme-based TV channels for D+ and more are to be launched in the next few months.

According to Romiti, RCS may also acquire a stake in Telepiu, which is currently controlled by French pay TV giant Canal Plus.

Italy’s electricity company ENEL recently purchased a 30% stake in Telepiu, and RAI is expected to buy up to 10%.

If RCS acquires at least 10% in the pay TV operator, Canal Plus will no longer be its majority shareholder — a positive outcome for the Gallic group with respect to its industrial and financial alliances and also for Italy’s government, which would finally see Telepiu in Italian hands.

More Biz

  • Sumner Redstone

    Sumner Redstone's Ex-Girlfriend Fights With Nurse For Access to Secret Tapes

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

  • Paul Haggis Lawsuit

    Paul Haggis Hit With Lawsuit for Alleged Rape, Claims a $9 Million Shakedown

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    MILAN — Italy’s pubcaster RAI has sold a stake in one of its TV units to a private company, paving the way for further privatization of the state-owned media group. The buyer is Italy’s leading publishing house, Rizzoli-Corriere della Sera (RCS), owner of bestselling national daily paper Corriere della Sera, which acquired a 5% stake […]

More From Our Brands

Access exclusive content