Digicast

Fineurop Soditic acted as financial advisor to RCS MediaGroup in the acquisition of a 51% stake in Digicast S.p.A. from Digifin S.p.A. (controlled by Iniziativa Piemonte). The consideration of the investment acquired is Euro 16.3 million (apart from adjustments calculated taking into account the balance sheet and financial position at December 31, 2006) and includes “call” and “put” options which will increase RCS’s investment to 100% of the share capital. Digicast is the owner of the theme channels, which are principally distributed through the Sky platform: “Jimmy”, “Caccia e Pesca”, “Sailing Channel” and “Planet”. In 2005, Digicast recorded consolidated revenues of approximately Euro 27 million, an Ebitda of about 19%. This acquisition will enable RCS MediaGroup to diversify its business beyond the struggling newspaper business.