Publishing group RCS posted a net
loss of 5.7 million euros in the first quarter of the year
compared to a loss of 22 million in the same period of 2016, the
group said Tuesday. RCS said it had confirmed its 2017 targets.
RCS said its gross operating margin had become positive again
for the first time in the last five years, with a strong
contribution from cost cutting, which saw benefits of 14.8
million euros including 8.3 in Italy and 6.5 in Spain. RCS
MediaGroup, formerly Rizzoli-Corriere della Sera, is a
Milan-based international multimedia publishing group that
operates in daily newspapers, magazines and books, radio
broadcasting, new media and digital and satellite TV.
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