Mediaset shares jump after Q3 results beat forecasts

Broadcaster cut costs, losses less than same time in 2013

(ANSA) - Milan, November 12 - Shares in broadcaster Mediaset, owned by former premier Silvio Berlusconi, jumped by more than 7% in trading Wednesday morning after the company reported a third-quarter net loss that was better than expected.
    Shares were trading as high as almost three euros each after the company said its losses in Q3 were 26.3 million euros - well below the loss of 57.3 million euros during the same period last year. The broadcaster said it has been cutting costs.
   

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