Italian entrepreneur and Diego Della Valle has expressed a serious interest in La7. The Italian free-to-air station is owned by Telecom Italia.
Della Valle, who has publicly expressed his opposition to media baron and politician Silvio Berlusconi, said he wanted to preserve the independence of La7 and his move for the channel should be considered a ‘social commitment’.
The businessman and entrepreneur runs luxury goods business Tod’s. In a statement he said: “My idea is to regroup as shareholders a number of individuals who love our country and who want to support an important information vehicle, guaranteeing its total autonomy.”
Della Valle already owns a stake in RCS Mediagroup, the publisher of daily newspaper Corriere della Sera.
La7 is part of Telecom Italia’s Telecom Italia Media division. The telco has put it on the block as it seeks to raise funds to pay down debt. It said it needed time to evaluate the offer and its management will meet today to study offers on the table.
Wire reports said there are already at least two firm offers for TI Media.
PROMOTION: Live Webinar: The Secrets to Delivering Low-Latency #Live #Video, Globally - @llnw TOMORROW at 4pm GMT - hhttps://t.co/cBAVZIWQgi
23 April 2018 @ 09:22:00 UTC
#MostRead this week: #F1 unveiled its own plans for an #OTTTV service, to be launched in May in time for the hhttps://t.co/76qx8Jqkk3
22 April 2018 @ 09:05:00 UTC
DTVE: #TheWeekinView - @netflix: another stellar quarter in an evolving competitive landscape #SVOD #Disney #Sky hhttps://t.co/grljz7fDaH
21 April 2018 @ 16:04:00 UTC
#Crunchyroll debuts linear block in Brazilian market https://t.co/D12gTaeuwg
20 April 2018 @ 17:00:02 UTC
.@AMC_TV's #SundanceNow streaming service takes Sharon Horgan show https://t.co/fm5XwbBtAm
20 April 2018 @ 16:30:00 UTC
