Bernabe keeps TV options open
Telecom Italia has made no decisions about the future of its La7 TV channel, boss Franco Bernabe said yesterday.
The telco’s chief confirmed it is reviewing options for the TV business but said that process was no different to regular reviews of the firm’s other assets, WSJ.com reported.
Bernabe was responding to reports Telecom Italia has hired a bank to handle the sale of the TV channel, which is run by majority-owned subsidiary Telecom Italia Media, the Journal said.
The CEO spoke to the newspaper at an event announcing Telecom Italia’s latest digital content deal, which will see it distribute 650 e-books from publisher RCS Group via a new own-brand e-reader.
Subscribers will also be able to access digital editions of two leading Italian daily newspapers on Samsung’s Galaxy Tab and a forthcoming Android tablet from Olivetti.
Italian daily La Repubblica reported a deal for the Media division’s TV channel was in the pipeline on Tuesday, as Telecom Italia seeks to cut its exposure to a subsidiary that is generating an operating loss of around €50 million per year.