Mediaset : Q1 in line, stepping up cost savings in Q2
>No change to our full-year scenario - Mediaset yesterday reported its Q1 2020 results, followed by a conference call. The group did not detail advertising trends in Q2 but forecasts a sequential improvement with the end of the lockdown in Italy. The recovery is likely to be very gradual and we still expect sharp declines over the summer. The group is targeting cost savings of € 90m in Q2 and will now provide guidance on a quarterly basis given the low visibility. We ...Mediaset S.p.A. is a joint stock company. Co.'s majority shareholder is Fininvest S.p.A. Mediaset is a multinational media group. Its core business is commercial television broadcasting in Italy and Spain. In Italy, Co. has two main areas of business: Integrated television operations and Network infrastructure services and management. In Spain, Co. is the main shareholder of Mediaset Espana, a Spanish commercial television broadcaster with two main general interest channels (Telecinco and Cuatro) and a range of six free-to-air thematic channels.
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