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.
The end of the feud allows the Italian group to move forward with its great ambition: the Media for Europe project, 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.
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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