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| Company type | Listed |
|---|---|
| BIT: RCS FTSE Italia Mid Cap | |
| ISIN | IT0003039010 |
| Industry | Media |
| Founded | 1927; 98 years ago (1927) (as A. Rizzoli & C.) |
| Founder | Angelo Rizzoli |
| Headquarters | Via Angelo Rizzoli, 8,, |
Key people | Urbano Cairo (Chairman andCEO) |
| Products | Magazines Newspapers Radio Television Advertising New Media |
 €85 million (2018) | |
| Total assets |  €1368 million (2015) |
| Total equity | €254.0 million (2018) |
| Owner |
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| Parent | Cairo Communication |
| Website | rcsmediagroup.it |
| Footnotes / references in a consolidated basis[1] | |
RCS MediaGroup S.p.A. (formerlyRizzoli Editore andRizzoli-Corriere della Sera), based inMilan and listed on theItalian 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.
EntrepreneurAngelo Rizzoli foundedA. Rizzoli & C. in 1927. The company initially focused on the press industry, acquiring four national magazines before expanding into publishing. The company underwent multiple restructurings and changes in ownership, notably during the 1980s when two of its executives were implicated in the collapse ofBanco Ambrosiano and the illegalMasonic LodgePropaganda Due – or P2. Following the 1982 death ofRoberto Calvi, the group applied for bankruptcy protection and greatly downsized.[2]
In 2016,Cairo Communication acquired the controlling stake of RCS MediaGroup. In the same year,Italian Competition Authority approved the sales of RCS Libri (a.k.a.Rizzoli Libri) from RCS MediaGroup toArnoldo Mondadori Editore.[3]
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The timeline of the company:[4]
RCS MediaGroup's sectors includenewspapers,magazines andbooks,radio broadcasting, theinternet, and digital and satellite TV. It also has a division which handlesadvertising sales & distribution markets across all media divisions. In Italy, the group manages large daily newspapers such asCorriere della Sera, publishes popular magazines includingIl Mondo, and a diverse range of school, university, and business publications.[2]
InSpain, through Unedisa, it publishes leading daily newspaperEl Mundo.[2] It also has representation inPortugal, theUnited States, andChina. In March 2008, RCS reached an agreement with Global Media Publishing to launch aRussian version of itsSport Week magazine. They also planned to develop a Russian-language website, sportweek.ru, along with additional mobile phone services.[11]
The financial investment division holds interest in the capital of major Italian companies, includingBanca Intesa, the internet company Dada, andPirelli (which holds a complementary cross-holding).[2]
The company employs 5,558 employees.
Quotidiani Sector is the publisher of the group's daily newspapers in Italy and inSpain.[12] 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.[13]
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.[18]
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Pubblicità Sector is the agency for the acquisition ofadvertising customers for the group's publications. It is the leading company in Italy for the acquisition of advertising forprint media, for which it has a market share of 19%.[20]
RCS Libri runs the group's activities in thebook publishing sector. Its structure comprises four divisions: RCS Libri Italia, RCS Education, RCS Partworks, and Rizzoli USA.[21] The whole division was sold toArnoldo Mondadori Editore, with someimprints were sold to other investors.[22][23][24] After the transaction, RCS Libri was renamed to Rizzoli Libri.[25] It owned the rights to use the brand Rizzoli in book publishing only.[22] The partworks division was sold in 2011.[26]
Publishing houses[27]
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On 26 January 2005, the shareholders which control 63.527% of ordinary share capital came to a shareholders' agreement freezing, the participants from selling or trading their holdings.[citation needed] 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 subsidiaryItalcementi 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, viaCairo 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]
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