Berlusconi's Mediaset posts heavily-reduced profits

By 2002-04-28T00:00:00

Mediaset, the leading private Italian network owned by Italian premier Silvio Berlusconi, recorded a sharp drop in net profits in 2001 on the back of losses linked to its 2.3% stake in KirchMedia. Net profits were down to Euros 248.4m, compared to Euros 423.5m in 2000.

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