You will be redirected back to your article in seconds

Italo publishing giant moves into TV

RCS takes 51% stake in Digicast

ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million).

Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting and Fishing — that are carried on satcaster Sky Italia and broadband TV provider Fastweb. RCS has the option to purchase the remaining stake by 2010, the company said.

The move comes as the Romano Prodi-led government is proposing tough new media rules to open up Italy’s terrestrial and digital-terrestrial market to more competition. Currently, Mediaset and pubcaster RAI control more than 90% of the TV ad market.

For RCS, publishers of Italy’s largest newspaper, Corriere della Sera, and the popular Gazzetta dello Sport, the acquisition enables it to diversify its business beyond the struggling newspaper business. A study on Italy’s media consumption habits unveiled by research institute Censis last month revealed 90% of Italians trust the TV first and foremost for their daily news and information needs.

More TV

  • WWE to Celebrate 'Raw' Anniversary Amid

    WWE Set to Celebrate 'Raw' Anniversary Amid Speculation About the Company's Future

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • 'Peaky Blinders' Developing Kazuo Ishiguro’s ‘When

    'Peaky Blinders' Producer Options Kazuo Ishiguro's 'When We Were Orphans'

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • BBC Ups Stake in ‘The End

    BBC Ups Stake in 'The End of the F***ing World' Producer Clerkenwell (EXCLUSIVE)

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • Rule 'Britannia': HBO Among International Buyers

    Rule 'Britannia': HBO, Other International Buyers Snap Up New Sky Drama (EXCLUSIVE)

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • Peter Jackson Making Documentary on World

    Peter Jackson Making Documentary on World War I

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • This Is Us cast SAG Awards

    Sterling K. Brown, 'This Is Us' Cast Talk Time's Up at SAG Awards

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

  • Frances McDormand SAG Awards

    SAG Awards: Actors Fall Hard for 'Three Billboards' but the Oscar Race Is Far From Over

    ROME — RCS Mediagroup, publisher of some of Italy’s largest newspapers, announced it will enter Italy’s suddenly expanding digital TV market, acquiring a 51% stake in Rome-based Digicast for Euros 16.3 million ($21 million). Digicast produces four digital TV channels — the youth-skewing Jimmy, the science and nature channel Planet, the Sailing Channel and Hunting […]

More From Our Brands

Access exclusive content