GEAB 155
One piece of business news with political significance: French and Italian media giants Vivendi (Bolloré) and Mediaset (Berlusconi) are throwing in the towel on their differences, each going their own way.[1]
The end of the feud allows the Italian group to move forward with its great ambition: the Media for Europe project[2], merging its Italian and Spanish branches and inviting other European media to join, will found a gigantic pan-European media group based in the Netherlands.[3]
It is a sad sign of the times that the first pan-European media group, so much longed for since 30 years, is Berlusconian.
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