RCS MediaGroup

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RCS MediaGroup S.p.A.
Type S.p.A.
Traded as BITRCS
Industry Media
Founded 1927 as A. Rizzoli & Co.
1952 as Rizzoli Editore
1986 as RCS Editori
1997 as H.d.P
2003 as RCS MediaGroup
Headquarters via Angelo Rizzoli 8,Milan, Italy
Key people Angelo Rizzoli (founder)
Angelo Provasoli (Chairman)
Roland Berger (Deputy Chairman)
Products Magazines
Newspapers
Radio
Television
Advertising
New Media
Revenue Increase € 1,597.7 million (2012)
Net income Increase € (509.3) million (2012)
Website www.rcsmediagroup.it

RCS MediaGroup S.p.A. (BITRCS), (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.

History[edit]

Founded in 1927 by entrepreneur Angelo Rizzoli as A. Rizzoli & Co., it started in the press industry by buying out four national magazines, and later entering the publishing industry. Restructured and taken over a number of times, particularly in the 1980s when two of its executives became involved in the collapse of Banco Ambrosiano and the illegal Masonic Lodge Propaganda Due – or P2. Following the 1982 death of Roberto Calvi, the group applied for bankruptcy protection and greatly downsized.[1]

Operations[edit]

RCS MediaGroup's sectors include newspapers, magazines and books, radio broadcasting, the internet and digital and satellite TV; it also has a division which handles advertising sales & distribution markets across all media divisions. In Italy The group manages large daily newspapers such as Corriere della Sera, publish popular magazines including Il Mondo; and a diverse range of school, university, and business publications.[1]

In Spain through Unedisa it publishes leading daily newspaper El Mundo.[1] It also has representation in Portugal, the United States and China. Already distributing the Italian version, in March 2008, RCS reached agreement with Global Media Publishing to launch a Russian version of its Sport Week magazine and develop a Russian language website sportweek.ru, which will be supplemented with mobile phone services.[2]

The financial investment division holds interest in the capital of major Italian companies, including Banca Intesa, the internet company Dada, and Pirelli (which holds a complementary cross-holding).[1]

The company employs 5,558 employees.

Sectors[edit]

Quotidiani (Newspapers) Sector[edit]

Quotidiani Sector is the publisher of the group's daily newspapers in Italy and in many other countries. The company holds a leadership position in the national daily press in Italy, where it has a 19% market share, and in Spain, with an 18% market share.[3]

Companies[3]
Newspapers[5]

Periodici (Magazines) Sector[edit]

Periodici Sector publishes the group's magazines. In Italy the company has a market share of about 18%, with a portfolio of more than 30 publications.[6]

Companies[6]
Magazines[7]

RCS Libri[edit]

RCS Libri runs the group's activities in the book publishing sector. Its structure comprises four divisions: Libri Italia, RCS Education, RCS Partworks, and Rizzoli USA.[8]

Publishing houses[9]

Pubblicità (Advertising) Sector[edit]

Pubblicità Sector is the agency for the acquisition of advertising customers for the group's publications. It is the leading company in Italy for the acquisition of advertising for print media, for which it has a market share of 19%.[10]

Companies[10]

Other[edit]

Ownership[edit]

On January 26, 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 March 14, 2008 the Consob group agreed to extend their agreement for another three years until 2011.[11] The members and holdings of the Consob group are:[12][13]

  • Mediobanca – 14.029%
  • Fiat (through Fiat Partecipazioni) – 10.291%
  • Efiparind BV (Pesenti family) – 7.748%, of which:
  • Dorint Holding (Della Valle family) – 5.499%
  • Premafin Finanziaria (Ligresti family) – 5.462%
  • Pirelli (Marco Tronchetti Provera) – 5.166%
  • Intesa Sanpaolo (Corrado Passera) – 5.065%
    • Intesa Sanpaolo – 5.051%
    • Banco di Napoli – 0.009%
    • Banca IMI – 0.005%
  • Assicurazioni Generali – 3.762%
    • Generali Vie – 3.700%
    • INA Assitalia – 0.042%
    • Toro Assicurazioni – 0.019%
    • BSI SA – 0.001%
  • Merloni Group (Francesco Merloni, through Merloni Invest) – 2.090%
  • Sinpar (Lucchini family) – 2.060%

Other major shareholders outside the Consob group include:

  • Benetton Group (through Edizione Holding) – 5.001%
  • UBS AG (through UBS Trust) – 5.951%
  • Banco Popolare – 5.951%
  • Si.To. Financiere (through Partecipazioni Editoriali) – 5.140%
  • Giuseppe Rotelli (through Pandette Finanziaria) – 3.949%;

Board of directors[edit]

Timeline[edit]

The timeline of the company:[14]

  • 1927 – Angelo Rizzoli launches publishing activities at his printing company “A. Rizzoli & C.”
  • 1952 – company is renamed “Rizzoli Editore”
  • 1974 – company purchases “Editoriale Corriere della Sera S.a.s.”, which publishes the daily newspaper Il Corriere della Sera
  • 1976 – company takes over management of La Gazzetta dello Sport
  • 1984 – Gemina acquires controlling holding of Rizzoli
  • 1990 – acquisition of holding in Spanish company Unidad Editorial S.A., the present day holding of which is 96.1%
  • 1997 – Rizzoli-Corriere della Sera is separated from Gemina’s other industrial activities, which are transferred to the new HdP company
  • 2000 – acquisition of French publishing house 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 is renamed RCS MediaGroup
  • 2006 – acquisition of first holding in Digicast, which is now a wholly owned subsidiary
  • 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 Srl to buy 14 magazines it had put up for sale as part of its restructuring plan.[15]

See also[edit]

References[edit]

  1. ^ a b c d "RCS MediaGroup". Yahoo Finance. Retrieved 2008-05-26. 
  2. ^ "RCS in Russian deal with Global Media Publishing". Forbes.com/AFX News. 2008-03-10. Retrieved 2008-05-26. 
  3. ^ a b RCS Quotidiani RCSMediaGroup.it
  4. ^ RCS Sport RCSMediaGroup.it
  5. ^ Newspapers RCSMediaGroup.it
  6. ^ a b RCS Periodici RCSMediaGroup.it
  7. ^ Magazines RCSMediaGroup.it
  8. ^ RCS Libri RCSMediaGroup.it
  9. ^ RCS Books RCSMediaGroup.it
  10. ^ a b RCS Pubblicità RCSMediaGroup.it
  11. ^ "RCS shareholders renew pact for three years to March 2011". Forbes.com/AFX News. 2008-03-14. Retrieved 2008-05-26. 
  12. ^ "Shareholders Relevant RCS MEDIAGROUP SPA". Consob Sp. Retrieved 2008-05-26. 
  13. ^ "Shareholders Relevant RCS MEDIAGROUP SpA – original Italian language version". Consob SpA. Retrieved 2008-05-26. 
  14. ^ "Our History". RCS MediaGroup. Retrieved 2008-05-26. 
  15. ^ Jennifer Clark (19 June 2013). "RCS Mediagroup accepts offer from PRS for magazines". Reuters. 

External links[edit]