Cairo Communication Explained

Cairo Communication S.p.A.
Native Name Lang:it
Type:Società per azioni
Founded:1995 (as Cairo Pubblicità)
Founder:Urbano Cairo
Hq Location City:Milan
Hq Location Country:Italy
Net Income: €20 million
Net Income Year:2016
Assets: €1.561 Million
Assets Year:2016
Equity: €344 million
Equity Year:2016
Website:cairocommunication.it
Footnotes:in a consolidated financial statement[1]

Cairo Communication S.p.A. is an Italian media and publishing company based in Milan. The shares of the company float in Borsa Italiana. Urbano Cairo, via UT Communications, UT Belgium Holding, owned 50.101% stake of the company. In turn Cairo Communication owned 59.693% stake of fellow media company RCS MediaGroup, which was acquired in 2016.

History

Urbano Cairo found a company Cairo Pubblicità in 1995, which wholesale advertisement space for RCS MediaGroup. In 1997 Cairo acquired a company which found in 1984, and renamed into Cairo Communication, as the holding company of his media empire. Cairo Communication acquired La7 in 2013 from Telecom Italia.[2] In 2016 Cairo Communication acquired RCS MediaGroup by offering to buy the shares from the public market, which was more favor than the offer from the rival consortium.

Publications and subsidiaries

Notes and References

  1. Web site: Progetto di Relazione finanziaria al 31 dicembre 2016. Draft Financial Annual Report at 31 December 2016. 31 March 2017. 8 May 2017. Cairo Communication. it.
  2. News: Fabio Pavesi. Ecco chi è Urbano Cairo, l'uomo che vuole comprarsi il Corriere della Sera. 29 April 2016. Il Sole 24 Ore. 29 April 2016.
  3. News: 29 May 2020 . La bandiera italiana in edicola con il settimanale 'Dipiù' il 30 maggio . The Italian flag on newsstands with the weekly magazine 'Dipiù' on 30 May . live . it . . https://archive.today/20231127185652/https://www.corriere.it/cronache/20_maggio_29/bandiera-italiana-edicola-il-settimanale-dipiu-30-maggio-1ec81c88-a1d7-11ea-972c-41555f8ee621.shtml . 27 November 2023 . 27 November 2023.