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RCS shares slide another six percent

(AGI) Milan, Nov. 13 - RCS saw its stocks slide for the secondconsecutive day. After losing 7.5 percent on Thursday, theItalian publishing group's shares closed down 5.91 percent at0.62 euro per share on Friday. Trade was normal but involvedjust 1.8 percent of share capital. The nosedive took thecapitalisation of RCS down to about 325 million. The group wasrecapitalised with 400 million euros by shareholders in thesummer of 2013. Since the beginning of this year, shares of thegroup, which publishes Corriere della Sera and Gazzetta delloSport, have lost more than 33 percent
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(AGI) Milan, Nov. 13 - RCS saw its stocks slide for the secondconsecutive day. After losing 7.5 percent on Thursday, theItalian publishing group's shares closed down 5.91 percent at0.62 euro per share on Friday. Trade was normal but involvedjust 1.8 percent of share capital. The nosedive took thecapitalisation of RCS down to about 325 million. The group wasrecapitalised with 400 million euros by shareholders in thesummer of 2013. Since the beginning of this year, shares of thegroup, which publishes Corriere della Sera and Gazzetta delloSport, have lost more than 33 percent at the Milan StockExchange while the market's All Share index has gained 17percent. In August alone, the publishing group lost about 40percent against the All Share's six percent. By comparison,capitalisation of the Espresso group, which publishes LaRepubblica, stands at around 405 million euros, CairoCommunication is worth about 346 million and Mondadori 280million. (AGI) . .

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