You will be redirected back to your article in seconds

RAI, Crown Castle close in on deal

Move should bring Italo channel to $450 mil

U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI.

According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe through its U.K. unit.

The RaiWay sale is the first privatization of the state-owned TV group. A sweeping reform that could lead to a much larger privatization is still to be finalized by Parliament.

Also, RAI plans to launch RAI-MED, an Italo-Arabic digital satellite channel for the Mediterranean basin, in April. The new channel will air programs broadcast by RAI digital and over-the-air channels, including news shows and documentaries.

More TV

  • SNOWFALL -- "The World is Yours"

    'Snowfall' Renewed for Season 3 at FX

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • Chevy Chase SNL

    Chevy Chase Basically Hates the Current 'SNL'

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • Downton Abbey Finale Preview: Why the

    'Downton Abbey' Movie Gets 2019 Release Date

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • Greenleaf Own Network

    'Greenleaf' Renewed for Season 4 at OWN

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • 'Handmaid's Tale' Director Reed Morano Inks

    'Handmaid's Tale' Director Reed Morano Inks Overall Deal at Amazon

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • Endeavor Eyes Possible Bid for Endemol

    Endeavor Eyes Possible Bid for Endemol Shine

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

  • Maroon 5 - Adam LevineMaroon 5

    Maroon 5 to Perform at Super Bowl Halftime

    U.S.-owned Crown Castle Intl. and Italy’s pubcaster RAI are close to inking an agreement for the sale of a 49% stake in RaiWay, the company that controls the transmission network of RAI. According to Claudio Cappon, RAI’s new director general, the sale should bring the pubcaster up to $450 million. Crown Castle operates in Europe […]

More From Our Brands

Access exclusive content