After a 10-hour meeting, the board of Italy’s RCS Media Group provided a polite, positive but inconclusive step forward on Mondadori’s bid to purchase RCS’s book publishing division — a process which began in February. The board “unanimously agreed to mandate the chief executive officer to proceed with the negotiations and the definition of the contractual terms,” at the same time “reserving its final decision regarding the disposal of the asset.” With Italian August vacation looming, that decision is not expected at least until September. For the first six months of 2015, in reporting preliminary results, RCS said “publishing revenue remained stable, […]
