Mediaset takes MediaForEurope battle with Vivendi to regulator

Mediaset has taken its battle with shareholder Vivendi to Italian markets regulator CONSOB with a complaint that the French media giant was attempting to manipulate Mediaset’s share price downwards. Mediaset referred specifically to a report published by Bloomberg this week, citing unnamed sources, that indicated that Vivendi was prepared to vote against the Italian media […]

Telecom Italia chief welcomes regulator’s move on network separation

Telecom Italia CEO Amos Genish has welcomed a decision by communications regulator AGCOM to launch a public consultation on the telco’s plans for the separation of its network arm. Speaking on the sidelines of a meeting for the presentation of the company’s annual report, Genish said that he was nevertheless concerned about moves to push […]

Telecom Italia escapes fine over Vivendi control

Telecom Italia (TIM) has escaped being forced to pay a fine of €74.3 million for failing to communicate to the Italian state the fact that Vivendi had effective control of the operator. A Milan court suspended the fine and has said it will set out its reasons on July 4, according to a press report. […]

Vivendi-Mediaset dispute heading for court with no deal in sight

Vivendi and Mediaset now appear destined to face each other in court after the pair failed to come to an agreement to end their long-running dispute, according to Italian press reports. The first hearing of the case is set to take place next Tuesday. Mediaset and parent company Fininvest are claiming €3 billion in damages […]

Vivendi ‘close to agreement’ with AGCOM over Mediaset stake

Vivendi is close to finding an agreement with Italian regulator AGCOM over the fate of its shares in Mediaset, according to press reports. Vivendi, which currently holds a 28.8% stake in the broadcaster, has proposed transferring its holding above the 10% threshold mandated by AGCOM into a blind trust, according to Reuters, citing unnamed sources. […]

Vivendi agrees to put Mediaset shares in blind trust

Vivendi has agreed to transfer its stake in Mediaset above a threshold of 10% to a blind trust ahead of a likely sale of its shares later, according to Italian press. The move follows the ruling by media regulator AGCOM that Vivendi could not simultaneously hold major stakes in Mediaset and Telecom Italia, forcing the […]

Mediaset battle with Vivendi intensifies

Mediaset will continue to battle Vivendi in the courts and will do everything possible to return its Premium pay TV service to profitability, according to Fedele Confalonieri, the company’s chairman. Confalonieri told the Italian media group’s annual shareholders meeting that Mediaset had opened up a new front its legal war with the French group, accusing […]

Mediaset bounces back to black

Mediaset has bounced back into the black in the first quarter following its €294.5 million loss last year, which the company blamed squarely on “the turbulence” caused by French media giant Vivendi reneging on its deal with the Italian broadcaster. Mediaset’s success in clawing its way back to profit is due to its campaign of […]

Vivendi to challenge Italian ruling on Telecom Italia and Mediaset stakes

Vivendi has said it will take “any appropriate legal action” including a possible complaint to the European Commission after Italian regulator AGCOM ruled that it must divest a yet-to-be-specified part of its stake either in Mediaset or in Telecom Italia to conform to the country’s media concentration rules. The watchdog ruled yesterday that Vivendi could […]

Vivendi Mediaset move ‘could breach antitrust rules’

Italian antitrust watchdog AGCOM has stepped into the battle raging between Vivendi and Mediaset with a notice that it intends to investigate whether Vivendi’s move to acquire over 20% of the Italian broadcaster could be in breach of rules relating to cross-ownership of communication and media companies. According to ACGOM, the French media giant’s move […]