Birth of a new super Italian publishing pole with the merger between the Republic group, Espresso, and Itedi, the subsidiary of Fiat with the Press and the nineteenth century.
In the operation Fca comes from publishing and focuses on self. After agreement on the Stock Exchange he runs the Espresso instead suffers RCS.
Business Square and all European stocks approach the buoy swings around mid-day to equal, with generally upbeat: the wait is especially for the flurry of US economic data of the day, such as jobless claims and factory orders 14.30 of 16. Milan (FTSE MIB + 0.4%) always good Carige (+8 %), MPS (+ 4%), with Mediaset and Tenaris, which grew by more than two percentage points. Fca also positive (+ 1%) and give luxury and fashion: Luxottica lost about 4% with reports of a decline in the growth objectives of the profits than the increase in sales, Moncler gives 2%, Ferragamo and Tod’s one percentage point . Publishing always very weak RCS (-7%), positive Cairo (+ 1%) and Il Sole 24 Ore (+ 0.6%), while he shot down 3% Espresso. Among the smaller cap stocks, runs Zucchi (+ 13%) after the homologous agreement of the bank debt restructuring.
RCS: Cimbri, never said we want to sell, need stability – “I never said that we want to sell.” So the CEO. in UnipolSai, Carlo Cimbri, on the share of about 4.5% in RCS after the departure of Fca the shareholding structure. “There is a new situation and we have to evaluate it – said Cimbrians – the savvy shareholders must have as a priority” and “stability we must protect our investment instability”. Cimbri added that he “even saying this,” referring to the alleged will to rise above 4.5%.
Benedini reiterates excluding alliances Sole 24 Hours – The President Il Sole 24 Ore Benito Benedini insists in a statement that they are “groundless, circulated the news related to the aggregation assumptions of the company that is, with other publishing companies.” Then calms down, reports the note, “all those who are taking an interest for various purposes at the Sole 24 Ore budget fate:” The Group’s accounts are returning to full health, “he says.
Benedini intervenes on the assumption of the daily aggregations of via Monte Rosa after some press rumors to that effect, in the aftermath of the alliance between the Express and the editor of the Press and of the nineteenth century. Compared with the financial performance of the group, “after difficult years – He says – we can anticipate today in a preliminary and pending the approval of the final budget in 2015, which continues the positive trend clearly the board undertaken in the last three years. The multimedia strategy, editorial and business generated a significant increase in revenues. It has supported the equally significant increase in results from spreading, advertising and training. “” Gross operating profit – added the President of the Group 24 hours – after several years, can expect a positive return, and also looking at the development of ‘ cash absorption we can expect a result in 2015 nearly halved compared to the previous year and in any case much lower for many years now. In other words, the management in 2015 has started to generate cash instead burn marking a significant improvement in cash flow from operating activities: another clear sign of discontinuity with the past management of this group. “In 2016, adds,” We expected a additional and significant improvement in EBITDA and net financial position. “
Follow the trends of the securities on the stock market
Birth of a super pole of ‘publishing Espresso-Itedi, comes Fca
Doria, risk occupation in Genova – “in the field of daily printed paper there is a risk jobs in Genoa, the risk exists and it is serious. “So the mayor Marco Doria interviewed by Italian television Primocanale said the merger of the group La Stampa and L’Espresso, which in Genoa creates the ‘overlap’ between Il Secolo XIX and the Work, the local edition of the Republic. “the only thing which we should draw is that the merger is guaranteed, so is the statement, the autonomy of the various newspapers within the entrepreneurial concentration process”, underlines Doria. “In the print world we have seen a progressive and unstoppable process of concentration of warheads or disappearance of historic titles. – More – are in favor of a large plurality of the media, it is clear that we can no longer limit ourselves to consider the phenomenon of the media looking only at the printed paper and the classic everyday. There are also TV and the web. the media system has changed. the ‘piece’ of the press was in crisis for some time. “
Meanwhile, the House is ongoing discussion on DDL PUBLISHING – READ –
No comments:
Post a Comment