Consob puts RCS Mediagroup on gray list

Troubled publisher required to provide more financial info

Consob puts RCS Mediagroup on gray list

Milan, August 7 - Italy's stock market supervisor moved RCS Mediagroup onto its so-called "gray list" Wednesday, meaning the media company must disclose extra financial information. Consob has added RCS to its list of companies that must provide extra financial information to investors more frequently. The financially troubled Italian publisher, which owns one of Italy's largest newspapers, Corriere della Sera, has been working to raise more capital to avoid bankruptcy.

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