Fininvest
| Fininvest SpA
|
|
|---|---|
 |
|
| legal form | Società per azioni |
| founding | 1978 |
| Seat |
Milan , Italy
|
| management |
|
| Number of employees | 16,128 (group of companies) |
| sales | 4.43 billion euros |
| Branch | Holding |
| Website | www.fininvest.it |
| As of December 31, 2018 | |
The Fininvest SpA ( acronym from Finanziaria Investimento ) is an Italian holding company based in Milan .
The company was founded in 1978 by Silvio Berlusconi , and the chairman of the board is his daughter Marina Berlusconi . The holding consists of several large companies, including Mediolanum (insurance and banking), Mondadori (Italy's largest publishing house ) and Mediaset , currently Italy's largest private television company, to which the three television stations Canale 5 , Italia 1 and Rete 4 , a DVB-T Broadcaster and other companies in the television industry.
Structure and proportions
(As of May 2019)
- Mediaset 44.17%
- Arnoldo Mondadori Editore 53.3%
- Banca Mediolanum 30%
- Teatro Manzoni 100%
- MolMed 23%
- Mediobanca 2%
- AC Monza 100%
Former companies
- Il Giornale (assigned)
- Libero (retired)
- Reteitalia (dissolved)
- Standa (outsourced and assigned)
- Edilnord (retired)
- Programma Italia (changed to Mediolanum)
- Silvio Berlusconi Editore (transferred to Mondadori)
- Medusa Film (transferred to Mediaset)
- Jumpy (moved to Mediaset)
- TELE + (assigned)
- Pagine Utili (retired)
- Il Foglio (assigned)
- AC Milan
history
A court ruling allowed private regional television in Italy in the 1970s. Gradually, four large nationwide broadcasting chains developed from the individual stations. Fininvest had shares in a chain, while Canale 5. Italia 1 and Rete 4 belonged to large publishers, and Euro TV to the Parmalat group. The Berlusconis company subsequently succeeded in also taking over the Italia 1 and Rete 4 programs and thus obtaining a dominant position in the Italian private television sector.
On July 9, 2011, an appeal court in Milan decided in the last instance that the Fininvest Group had to pay its rival company CIR damages in the amount of around 560 million euros. The background is the takeover battle for the Italian publishing house Mondadori , which the Berlusconi group won. Its competitor, the CIR Group , missed the deal due to an earlier court ruling. It later emerged that the judge had been bribed at the time.
criticism
Most of the legal proceedings against the former owner of the group and Prime Minister Silvio Berlusconi are directly related to the Fininvest holding company. Among other things, his accounting fraud and corruption in the so-called Vicenda SME accused.
In the process complex Lodo Retequattro , negotiations have been taking place since 1988 about the constitutionality of the analogue broadcasting of the television station Rete 4. The Italian Constitution prohibits owning more than 25 percent of the national television channels, or more than three channels. Since Silvio Berlusconi also controls a newspaper and a publishing house, the Italian center-left parties and international media criticize the accumulation of power and the lack of plurality in the Italian media landscape.
Web links
- Fininvest SpA website (Italian, English)
Individual evidence
- ↑ fininvest.it - Board of directors
- ↑ a b Annual Report 2018. Fininvest SpA, accessed on March 22, 2020 .
- ↑ fininvest.it - Company structure
- ↑ Berlusconi's Fininvest Group condemned: 540 million euros to the arch rival . ISSN 0174-4909 ( faz.net [accessed June 21, 2019]).
- ↑ IfM - Mediaset SpA