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RCS MediaGroup

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RCS MediaGroup

RCS MediaGroup S.p.A. (formerly Rizzoli Editore and 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.

Entrepreneur Angelo Rizzoli founded A. 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 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.

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 to Arnoldo Mondadori Editore.

The timeline of the company:

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, publishes popular magazines including Il Mondo, and a diverse range of school, university, and business publications.

In Spain, through Unedisa, it publishes leading daily newspaper El Mundo. It also has representation in Portugal, the United States, and China. In March 2008, RCS reached an agreement with Global Media Publishing to launch a Russian version of its Sport Week magazine. They also planned to develop a Russian-language website, sportweek.ru, along with additional mobile phone services.

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).

The company employs 5,558 employees.

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