Berlusconi may announce Mediaset sale

Italian tycoon cleaning house before election

MILAN — Italy’s tycoon-turned-politico and prime ministerial candidate Silvio Berlusconi is poised to make an announcement on the possible sale of Mediaset, the territory’s leading broadcaster.

In an interview on Mediaset’s flagship channel Canale5 Thursday night, Berlusconi said he would reveal his plans for Mediaset before Italy’s May 13 general election, probably in a interview on a Canale5 news show fixed for May 11. Berlusconi is tipped to win the election.

Berlusconi added that any decision to sell his TV group would depend on his son and daughter more than on him.

Berlusconi’s son Pier Silvio, 31, is deputy chairman of Mediaset, while his daughter Marina, 34, is deputy chairman of Fininvest, the Berlusconi holding company which controls Mediaset, publisher Mondadori and insurance company Mediolanum.

“Of course, a decision on the future of Mediaset depends on me, but above all it depends on my offspring because I have decided to dedicate this last part of my journey through life to serving my country,” Berlusconi told RAI state radio Friday morning.