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Mediaset accelerates cost-cutting plans

Italy’s Mediaset is increasing the scope of its cost-cutting plan, according to wire reports.

Quoting union officials, the reports said that the Berlusconi family controlled broadcaster will increase the scope of savings to be made under the three year plan by 60%, meaning total cuts of about €400 million. The commercial broadcaster is suffering the effects of a depressed economy and a decline in advertising sales revenue.

Tags: Italy, Mediaset