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RCS MediaGroup

RCS MediaGroup S.p.A. (formerly Rizzoli-Corriere della Sera), based in Milan and listed on the Italian Stock Exchange, is an international multimedia publishing group that operates in daily newspapers, magazines and books, radio broadcasting, new media and digital and satellite TV. It is also one of the leading operators in the advertisement sales & distribution markets.

"Rizzoli Editore" and "Rizzoli (publisher)" redirect here. For the former book publishing subsidiary of the group, see Rizzoli Libri.

Company type

Listed

BIT: RCS

IT0003039010

Media

1927 (1927) (as A. Rizzoli & C.)

Angelo Rizzoli

Via Angelo Rizzoli, 8,

Milan
,
Italy

Urbano Cairo (Chairman and CEO)

Magazines
Newspapers
Radio
Television
Advertising
New Media

Increase €85 million (2018)

Decrease €1368 million (2015)

Increase €254.0 million (2018)

Cairo Communication

rcsmediagroup.it

1927 – launches publishing activities at his printing company "A. Rizzoli & C."[5]

Angelo Rizzoli

1952 – company was renamed "Rizzoli Editore"

1974 – company purchased "Editoriale Corriere della Sera S.a.s.", which publishes the daily newspaper

Il Corriere della Sera

1976 – company took over management of

La Gazzetta dello Sport

1984 – Gemina acquired controlling holding of Rizzoli

1990 – acquisition of holding in company Unidad Editorial S.A., the present day holding of which is 96.1%

Spanish

1997 – Rizzoli-Corriere della Sera was separated from Gemina’s other industrial activities, which were transferred to the new holding company HdP

2000 – acquisition of French publishing house [6]

Editions Flammarion

2001 – creation of Fondazione Corriere della Sera

2002 – acquisition of holding in Dada S.p.A., which at present stands at 46.54%

2003 – company was renamed RCS MediaGroup

2006 – acquisition of first holding in , which is now a wholly owned subsidiary

Digicast

2007 – acquisition, through Unidad Editorial, of Spanish publishing group

Recoletos Grupo de Comunicaciòn

2007 – acquisition of 34.6% of Finelco Group

2008 – acquisition, through Unidad Editorial, of 100% of VEO Television (already held at 55,4%)

2012 – divestiture of Flammarion to

Éditions Gallimard

2013 – In June 2013, the media group accepted an undisclosed offer from PRS S.r.l. to buy 14 magazines it had put up for sale as part of its restructuring plan. In July sold Dada S.p.A.[8]

[7]

2014 – In September 2014, RCS MediaGroup in association with Playtech launched an online sport betting portal under the brand GazzaBet.[10]

[9]

2015 – Sold

RCS Libri

a company that organizes the most important cycling events in Italy, including the Giro d'Italia and some of the most prestigious Classics, such as the Milan–San Remo, the Giro di Lombardia and the Tirreno–Adriatico, together with other events linked to summer and winter sports. RCS Sport organises the Milan Marathon and manages the sponsorship rights for the Italy National Football Team. Since 2008, it has also been a partner of the Italy national rugby league team, and has entered the motorsport industry with the indoor supercross format, Superiders.[14]

RCS Sport

(96.48%, also present in the periodical sector), the leader in the daily press and in the on-line information sector through El Mundo, Expansión and Marca.

Unidad Editorial

consortium of and U.T. Communications (Urbano Cairo) 59.831%

Cairo Communication

9.930%

Mediobanca

consortium of Diego Della Valle & C. S.r.l. and DI. VI. Finanziaria di Diego Della Valle & C. S.r.l. () 7.325%

Diego Della Valle

consortium of and Unipol (Finsoe) 4.601%

UnipolSai

(State-owned Assets Supervision and Administration Commission of the State Council of China) 4.443%

Pirelli

On 26 January 2005 shareholders which control 63.527% of ordinary share capital came to a shareholders' agreement freezing, the participants from selling or trading their holdings. On 14 March 2008 the pact agreed to extend their agreement for another three years until 2011.[29] Italmobiliare, a company in the pact, acquired 2.332% stake of RCS from their subsidiary Italcementi in 2010, making the stake held by Italmobiliare increased to 7.465%.[30] Italmobiliare did not excised all of their rights in the capital increase, making the company owned just 3.0042% of the share capital and 3.7469% ordinary shares of RCS.[31]


In 2016 Urbano Cairo, via Cairo Communication, successfully completed a hostile takeover of RCS MediaGroup. However, Mediobanca, Unipol, Pirelli, Diego Della Valle and a private equity fund International Acquisitions Holding[32] formed a new shareholders pact that opposed to Cairo;[33] their offer to the public was lost to the offer from Cairo.


Earlier that year, Fiat Chrysler Automobiles (FCA), a company of the 2008 pact, distributed the shares of RCS the company owns (16.7% of the share capital), to the shareholders of FCA,[34] making the shareholders of FCA freely decided to sell the shares of RCS to either factions or kept the shares as their own investments; Exor, the major shareholder of FCA, sold the stake of RCS immediately.[35]


As of 26 September 2016[36]

Official website

at Business Week

RCS MediaGroup profile