Dec 24, 2004
The Italian government proposes to sell 30 percent of its big pubcaster, RAI, reports Britain’s Observer. Legislation forbids any shareholder from owning more than 1 percent. Prime Minister Berlusconi, owner of RAI’s major competition, has no interest in seeing RAI become a strong commercial broadcaster, and neither do his political opponents, says the Observer. The Italian Antitrust Authority criticizes the powerful advertising duopoly composed of Berlusconi’s holdings, with 65 percent of TV advertising, and RAI, with 29 percent, according to the International Herald Tribune.
Posted by Steve at 7:26 AM