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ftm Radio Page - January 3, 2014

Radio not a core asset
Buyers for some, not for others

That wind of change, sometimes hot and sometimes cold, continues to propel big media owners to their “core business,” just as long as it’s digital. RCS MediaGroup, publisher of big newspapers in Italy and Spain, is typical. Company shareholders will hear more about divesting radio broadcasting assets at the forthcoming meeting, reported Radiocor (December 27).

RCS MediaGroup is a minority shareholder in Italian broadcaster Finelco, owner of Radio 105, Radio Monte Carlo and Virgin Radio Italia. The company’s partnership agreement with Finelco majority owner Alberto Hazan expires in May. Investment house Clessidra Capital principal Clausio Sposito expressed interest in the RCS MediaGroup stake in Finelco, reported Reuters (December 5). (See more on media in Italy here)

Also on the block is all-sports radio channel in Spain, Radio Marca. In addition to El Mundo, RCS MediaGroup owns the sports daily Marca and launched Radio Marca in 2010. Potential buyers have not, so far, come forward.


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