Fininvest

Fininvest SpA (Acronym of Finan Investimento ) is one of the major financial holding companies in Italy.

It was founded in 1978 by Silvio Berlusconi, corporate director is his daughter Marina Berlusconi. The holding consists of several large companies, including Mediolanum (insurance and banking), Medusa film ( Italy's largest film production company ), Mondadori ( Italy's largest publishing house ), AC Milan ( football club ) and Mediaset, currently the largest private television company in Italy to which the three television channel Canale 5, Italia 1 and Rete 4, a DVB-T broadcasting company and other companies are in the television industry.

Structure and shares

  • Mediaset 35 %
  • Arnoldo Mondadori Editore 50.2 %
  • A. C. Milan 100 %
  • Mediolanum 35 %
  • Teatro Manzoni 100 %

Former company

  • Il Giornale (assigned to Paolo Berlusconi )
  • Reteitalia ( resolved)
  • Standa ( hived off and transferred )
  • Edilnord (assigned )
  • Programma Italia ( at Mediolanum passed )
  • Silvio Berlusconi Editore ( in Mondadori passed )
  • Medusa film ( in Mediaset passed )
  • Jumpy ( in Mediaset passed )
  • TELE (assigned )
  • Pagine Utili (assigned )

History

Due to a court ruling private regional television was approved in Italy in the 1970s. Gradually formed from the individual stations out four major national broadcasting networks. Fininvest had shares in a chain, Canale 5, Italia 1 and Rete 4, however, were large publishers, Euro TV the Parmalat Group. The company Berlusconi succeeded in the subsequent period, the programs Italia 1 and Rete 4 to take over and thus to obtain a dominant position in the Italian private television sector.

9 July 2011 decided in the last instance, an appeal court in Milan that the Fininvest Group to the rival company CIR pay a compensation amounting to around 560 million euros. Background is the takeover battle for the Italian publishing house Mondadori, the Berlusconi group had won. His rival, the CIR Group was missed out on the deal because of a previous court decision. Later it turned out that the judge had then been bribed.

Criticism

A majority of the court proceedings against the former owner of the Group and Prime Minister Silvio Berlusconi are directly related to the holding company Fininvest. Among other things, it accounting fraud and corruption in the so-called Vicenda SME is accused.

In the process of complex Lodo Retequattro is negotiated on the constitutionality of the analog broadcasts of the television station Rete 4 since 1988. The Italian Constitution prohibits the ownership of more than 25 percent of the national television station, or more than three transmitters. As Silvio Berlusconi additionally controls a newspaper and a publishing house, the Italian center-left parties and international media criticize the accumulation of power and the lack of pluralism in the Italian media landscape.

Types of business entity Chief Executive Officer Mediolanum (company) A.C. Milan Analogsignal Integrated Authority File
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