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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rizzoli Corriere della Sera MediaGroup SpA | BIT:RCS | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.004 | 0.46% | 0.878 | 0.876 | 0.89 | 0.88 | 0.872 | 0.874 | 71,110 | 16:40:00 |
From Jan 2020 to Jan 2025
By Manuela Mesco
MILAN--Italian publisher RCS Mediagroup SpA (RCS.MI) said Wednesday it will need significant capital to finance its new 2012-2015 development plan.
The company said in a statement that it will need 300 million euros ($395.5 million) in investments to support the plan, which aims at a stronger presence abroad and increasing digital activities, whose contribution should reach around 25% of global revenue.
The Italian publisher, which owns Il Corriere Della Sera, one of the most influential dailies in the country, also said it will dismiss non-core activities and will put in place a cost-cutting plan, but didn't offer further details on this.
RCS also said it aims to achieve total revenue of around EUR1.6 billion by 2015. Revenue for the first nine-months of 2012 stood at EUR1.18 billion.
RCS Mediagroup's stakeholders include among others Fiat SpA (F.MI), Assicurazioni Generali (G.MI), Intesa Sanpaolo (ISP.MI), Mediobanca (MB.MI).
Write to Manuela Mesco at manuela.mesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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