Culture / Economy

RCS-Mondadori concentration under scrutiny in Italy

The Italian editorial market is considered one of the closest in the world, with few or no room for small independent publishers. This oligarchic system did not bring much prosperity, since in Italy there is an incredibly low number of readers.

Against this background Mondadori, the Berlusconi family’s publishing empire, announced that it is going to acquire RCS, its main competitor. The resulting conglomerate would obviously dominate the relevant market.

The Minister of Culture Dario Franceschini admitted that the concentration operation is “risky” for the Italian editorial market, but added that it will be evaluated by the Italian Antitrust Authority.

The Italian Competition and Free Market Authority (AGCOM) is an independent Authority composed of a President and two members, all appointed by the Presidents of the two Chambers of the Parliament (who are themselves independent) for seven years. They can serve only one term.

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