Mediaset plunges to loss after Vivendi's "serious damage"


Italian media regulator Agcom has ruled that French media conglomerate Vivendi's expansion into Italy where it has built large stakes in both Telecom Italia and broadcaster Mediaset violates the country's anti-trust laws and given Vivendi one year to reduce its stake in one of the two companies.

But Giordani did not say whether the decision by the watchdog and its consequent request to Vivendi to cut its stake in either Mediaset or phone incumbent Telecom Italia (TLIT.MI) would favor the negotiation of a deal between the two groups.

If Vivendi doesn't comply with the resolution, it could be sanctioned under article 1, par.31 of Law 249/97 with a fine between 2% and 5% of its revenue.

As Trump warned North Korea, his 'armada' was headed towards Australia
One Navy spouse and mother, Merrill, whose husband is deployed with the strike group, said she tries to focus on the positive. United States aircraft carrier USS Carl Vinson left Singapore on April 8 and was said to be heading toward North Korea.

This might include an appeal to an Italian Regional Administrative Tribunal (TAR) and a formal complaint with the European Commission for violation of EU law, Vivendi said. It did not elaborate.

Agcom in December opened a probe into Vivendi's aggressive purchase of Mediaset shares after Fininvest, the holding company of the TV group controlled by former Italian prime minister Silvio Berlusconi, filed a complaint. That angered Berlusconi and raised concerns in Rome about Vivendi chairman Vincent Bollore's influence over corporate Italy.

In a brief statement Tuesday evening, Mediaset praised the ruling.

White House press briefing gatecrashed by NFL star
Only half of the New England Patriot's 68 players showed up to a ceremonial speech in their honor at the White House today. Trump did not mention Brady, who was awarded the Super Bowl MVP award and whom he has called a friend, in his absence.

Bollore is also a key shareholder in influential Italian investment bank Mediobanca MDBI.MI , which controls insurer Generali GASI.MI .

In relation to Mediaset, AGCOM said Vivendi's influence could be expressed through its voting rights, its potential to nominate its own representatives to the board and block any decisions of an extraordinary nature.

In July 2016 Vivendi pulled out of a 800-million euro contract that would give it full control of Premium, claiming the unit's business plan was unrealistic.

Four race will run until the final day, claims Guardiola
Andrea Ranocchia did pull one back late on, as Claudio Bravo let a weak effort trickle past him, BBC reports. Hull, who sat in 17th before kickoff, were looking for their second ever league win over Manchester City .