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Cairo Communication S.p.A.
Company typeSocietà per azioni
BITCAI
ISINIT0004329733
Founded1995 (as Cairo Pubblicità)
FounderUrbano Cairo
Headquarters
Milan
,
Italy
Key people
Increase00020 million (2016)
Total assetsIncrease €1.561 Million (2016)
Total equityIncrease0344 million (2016)
Owner
  • Urbano Cairo (50.101%)
  • others
Subsidiaries
Websitecairocommunication.it
Footnotes / references
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

References

  1. ^ "Progetto di Relazione finanziaria al 31 dicembre 2016" [Draft Financial Annual Report at 31 December 2016] (PDF) (in Italian). Cairo Communication. 31 March 2017. Retrieved 8 May 2017.[permanent dead link]
  2. ^ Fabio Pavesi (29 April 2016). "Ecco chi è Urbano Cairo, l'uomo che vuole comprarsi il Corriere della Sera". Il Sole 24 Ore. Retrieved 29 April 2016.
  3. ^ "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]. Corriere della Sera (in Italian). 29 May 2020. Archived from the original on 27 November 2023. Retrieved 27 November 2023.