DOCSLIB.ORG

Gruppo Editoriale L'espresso

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Gruppo Editoriale L'espresso Gruppo Editoriale L’Espresso Società per azioni Annual Report 2004 (Translation from the original issued in Italian) Gruppo Editoriale L’Espresso Società per azioni Annual Report 2004 (Translation from the original issued in Italian) Gruppo Editoriale L’Espresso 2004 | 5 Contents Report of the Board of Directors Report of the Board of Directors 13 Information required by Consob - resolution 11971/1999 27 Consolidated Financial Statements of the Espresso Group at 31 December, 2004 Consolidated Financial Statements 36 Notes to the Consolidated Financial Statements 45 Attachments 68 Reclassified Consolidated Financial Statements 80 Revenues, Group personnel, Circulation 84 Report of the Independent Auditors 89 Financial Statements of the Gruppo Editoriale L’Espresso SpA at 31 December, 2004 Financial Statements 92 Notes to the Financial Statements 101 Attachments 124 Reclassified Financial Statements 136 Report of the Board of Statutory Auditors 141 Report of the Independent Auditors 147 Financial highlights of subsidiaries 151 Report on Corporate Governance 155 Gruppo Editoriale L’Espresso 2004 | 7 Company Gruppo Editoriale L’Espresso Società per Azioni Share Capital Euro 64,896,058.20 Tax ID and Rome Company Register no. 00488680588 VAT no. 00906801006 Registered office Rome, Via Cristoforo Colombo, 149 Secondary office Rome, Via Cristoforo Colombo, 90 Board of Directors: Chairman Carlo Caracciolo Managing Director Marco Benedetto Directors Oliviero Maria Brega Cristina Busi Giulia Maria Crespi Mozzoni Carlo De Benedetti Rodolfo De Benedetti Francesco Dini Pierluigi Ferrero Milvia Fiorani Franco Girard Paolo Mancinelli Gianluigi Melega Alberto Milla Piero Ottone Alberto Piaser Vittorio Ripa di Meana Executive Committee: Carlo Caracciolo Marco Benedetto Oliviero Maria Brega Rodolfo De Benedetti Alberto Piaser Board of Statutory Auditors: Chairman Vittorio Bennani Auditors Claudio Berliri Federico Gamna Independent Auditors PricewaterhouseCoopers SpA Gruppo Editoriale L’Espresso 2004 | 9 Financial Highlights Consolidated financial data (in millions of euro) 2001 2002 2003 2004 Revenues 923 964 1,051 1,080 Value added 376 427 481 490 Gross operating profit 131 181 231 232 Operating profit 74 122 175 177 Net profit 1 46 68 88 Capital employed (excluding employee severance reserve) 602 567 590 620 Net financial position (111) (63) (150) (131) Shareholders' Equity 392 402 332 375 Net profit + depreciation and amortization 58 104 124 142 Employees 3,394 3,250 3,166 3,271 Ratios 2001 2002 2003 2004 Gross operating profit/revenues 14.2% 18.8% 22.0% 21.4% ROS 8.0% 12.7% 16.7% 16.4% ROCE 12.3% 21.6% 29.7% 28.6% ROE 0.3% 11.5% 20.4% 23.4% Per share data (euro) 2001 2002 2003 2004 Operating profit 0.17 0.29 0.41 0.41 Net profit 0.00 0.11 0.16 0.20 Net profit + depreciation and amortization 0.14 0.24 0.29 0.33 (in milions) No. of shares (excluding own shares) 430.1 428.2 429.1 429.3 Report of the Board of Directors Report of the Board of Directors | Gruppo Editoriale L’Espresso 2004 | 13 Report of the Board of Directors The Espresso Group closed the 2004 financial year Growth in the advertising market continued to be reporting a consolidated net profit of €87.7 mil- modest, though showing signs of a recovery in the lion, up from €67.8 million in 2003, on consolida- last quarter also as a result of full color advertising ted revenues equal to €1,079.8 million (up from offered by la Repubblica. With the coming into €1,051.1 million in 2003). Consolidated operating operation of the new rotary presses on schedule and profit amounted to €177.4 million (16.4% of mar- one year in advance of competitors, la Repubblica gin revenues), against €175.1 million in 2003 is currently the only national newspaper able to (16.7% of margin revenues). offer color advertising pages and formats without saturation constraints. The new offer was well Net financial debt at December 31, 2004 declined received by the market: in December, 73% of all to €131.1 million from €149.5 million at the end advertising published by the newspaper was in of the previous year thanks to cash flow genera- color, as compared with 49.4% in the same period ted by operations that more than offset capital in 2003; in 2004, national color advertising of la expenditure and dividends distributed. Repubblica grew by 12.3%, as compared with 7.5% for the market as a whole (source: FCP, Shareholders’ Equity grew from €332 million at December 2004). In the first months of 2005, the the end of 2003 to €375.2 million at December replacement of black and white advertising with 31, 2004. color continues, with good prospects for sales and margin growth. Main events in 2004 included the completion of the full color project by la Repubblica (involving Sales of products sold optionally in conjunction also the construction of a new printing center in with Group publications confirmed once again Rome), the transfer of all Group companies based that there now exists a sustainable, well consoli- in Rome to a new location, the good performance dated market accounting for a stable proportion of products sold optionally in conjunction with la of revenues and profits of the Group. Repubblica and L’espresso, the growth of radio In 2004, revenues from products sold optionally audiences and the successful completion of restruc- in conjunction with Group publications reached turing in the Internet area. €227.2 million, with a margin exceeding 35%. In 2004, sales benefited from the good reception by Along with the strengthening of the Group’s core the public of the l’Enciclopedia di Repubblica and business, efforts were devoted also to development: La Storia series, that sold a total of over 9.6 mil- new publishing activities, such as the launch of a lion volumes with an average circulation of over magazine devoted to TV programs (TV magazine) 280 thousand copies per issue. Sales initiatives of and the restyling of the magazine Musica with its L’espresso and local newspapers also reported conversion to a monthly magazine, in addition to good results. the signing of an important agreement for the acquisition of a national TV network Rete A. This Circulation of newspapers and periodicals were in is a network aimed at a very young public that is line with 2003: la Repubblica had an average cir- currently registering a growth in audience and culation of 625 thousand copies per issue, local advertising sales and will be able to develop further newspapers one of 488 thousand copies and L’e- by exploiting the trademarks and know-how of spresso an average circulation of 390 thousand Group’s radio stations, in addition to the technolo- copies per week. gical support provided by the Internet area. The last Audipress report (2004/II), released at the beginning of the current year, rewards la Repub- 14 | Gruppo Editoriale L’Espresso 2004 | Report of the Board of Directors blica, placing it at the top position of Italian new- hosting the Group in Rome, amounted to €94.3 spapers (2.9 million readers). million (as compared with €70.8 million in 2003). Radio stations registered further gains in terms of audience, reaching a total of 8.4 million average At December 31, 2004, the consolidated net finan- daily listeners and a 20.5 million weekly audience cial position showed an indebtness of €131.1 mil- (source: Audiradio 2004 annual data). Radio lion, improving from €149.5 million at December Deejay climbed to 5.6 million average daily liste- 31, 2003 thanks to the strong cash flow generated ners, confirming its ranking as first radio station in the year (€162 million) that allowed to finance in terms of audience for the whole week with 12.7 capital expenditure and the payment of €47.1 mil- million listeners; Radio Capital’s audience grew to lion in dividends. almost 2 million average daily listeners and 5.6 million average weekly listeners, while m2o, aimed At the end of 2004, the Group employed 3,271 at a younger public, doubled its audience in the persons, including personnel under term con- last two years to almost 1 million average daily tracts, as compared with 3,166 at December 31, listeners. Advertising revenues of the three radios 2003. The increase is due to the decision to mana- grew by 18.9% on the previous year. ge directly the pre-printing and printing of la Repubblica in Rome, involving the hiring of per- After the completion of the critical phase of the sonnel by subsidiary Rotocolor. restructuring process, the Internet area begun to exploit new sources of revenue and growth. In Below are finally reported 2004 main results, 2004 Kataweb sharply reduced its operating loss compared with previous year statements: from €9 million in 2003 to €2.9 million. _____ (€million) 2003 2004 ch. % Revenues 1,051.1 1,079.8 +2.7% Financial charges declined significantly from of which: € € 28.6 million at the end of 2003, to 12.9 mil- • Circulation 482.8 496.4 +2.8% lion at the end of 2004; financial charges in the • Advertising 534.0 546.1 +2.3% previous year were negatively affected by costs Gross operating profit 231.5 231.5 - incurred in the unwinding and termination of Operating profit 175.1 177.4 +1.3% interest rate hedging transactions. Financial income/(expense) (28.6) (12.9) Net profit 67.8 87.7 After having made public its “BBB-” Stan- dard&Poor’s rating with a positive outlook, on Shareholders’ Equity 332.0 375.2 October 8 the Company placed a 10 year, €300 mil- Net financial position (149.5) (131.1) lion bond with institutional investors.
Load more

Recommended publications
  • 2. the Communications Sector in Italy
    2. The communications sector in Italy 2. The communications sector in Italy 2.1. Telecommunications In a picture of progressive deterioration of the macroeconomic situation, the trend of contraction of the telecommunications market, on both fixed and mobile network, already observed for some years, was confirmed in 2011. In this context, the elements which best qualify the Italian telecommunications market, show no substantial change in 2011 compared to the last two years. These elements can be summed up as follows: i) the expenditure of families and companies in telecommunications services continues to fall, with a slight acceleration compared to 2010; ii) the reduction in the prices of telecommunications services to both private and business customers, on both fixed and mobile networks, is constant; iii) the contraction in voice calls on dial-up network continues, with a reduction of 11.7% in the number of minutes consumed, while voice traffic from the mobile network has increased by another 10% in the last year; iv) the spread of broadband services on fixed and mobile network has produced further growth in income deriving from data services; v) there is still growth, but with indications of the saturation of the relative market, in the virtual mobile telephony compartment; vi) with regard to the competitive situation, the erosion of Telecom Italia's total market share continues; vii) in last autumn, an auction was held for the assigning of the usage rights of the frequencies in the 800, 1,800, 2,000 and 2,600 MHz bands, which led to a total commitment of the mobile operators for € 3.9 billion; viii) on the other hand, the reduction in investments in infrastructures is confirmed;9 ix) The gross profit of the sector is substantially stable, also thanks to the continuous restructuring and cost containment actions carried out by the telecommunications companies.
    [Show full text]
  • L'accademia Di Belle Arti a Tag.Ghiamoci
    PESCARA CHIETI L'AQUILA TERAMO Home Cronaca Sport Italia e Mondo Tempo libero Foto Video Abruzzo Ristoranti Aste e Appalti Annunci Casa Lavoro Negozi Sei in: Archivio > il Centro > 2015 > 09 > 20 > L’Accademia di Belle arti... TOPIC CORRELATI L’Accademia di Belle arti a PERSONE Tag.ghiamoci L'AQUILA L' Accademia di Belle arti dell' Aquila partecipa a Tag.ghiamoci, ENTI E SOCIETÀ vale a dire colleghiamoci nel Web 2.0. Basterà un Tag ed espositori, visitatori e performer diventeranno community, virtuale e reale dentro un percorso che LUOGHI snoderà all'interno del Polo museale Atac di Roma Ostiense, sui vecchi aquila (1) ari (1) vagoni dei tram trasformati in laboratori dove artisti e personalità della cultura atri (1) incontrano ragazzi e pubblico adulto. La manifestazione è iniziata ieri e l'aquila (1) proseguirà fino al 27 settembre. L'Accademia di Belle arti dell'Aquila scerni (1) presenterà alcuni dei suoi studenti e dimostrerà alcune tecniche tradizionali come l'incisione, e proiettate nel futuro con l'uso della stampa 3D di oggetti e opere realizzate ex novo. I docenti. Pittura: Sergio Sarra, Stefano Ianni, Enzo De Leonibus. Decorazione: Franco Fiorillo. Scultura: Italo Zuffi, Matteo Ludovico. Scenografia: Alessandro Zicoschi, Daniela Di Scerni, Umberto Di Nino, Attilio Carota. Grafica: Valter Battiloro, Fabio Di Lizio, Carlo Nannicola. Anatomia artistica: Silvano Servillo. Gli studenti: Krizia Barlafante, Davide D'Andrea, Francesca Maria D'Antonio, Anna De Cunto , Davide Delicato, Davide De Lorenzo, Lucia De Novellis, Lavinia Di Profio, Jessica Di Martino, Eleonora Di Simone, Erika Franceschini, Edoardo Gaudieri, Vittoria Giampaolini, Davide Laghese, Nicole Mastrodicasa, Camilla Palazzese, Lucia Paolucci, Valentina Pastorino, Fabrizio Pompei Gianluca Ragni, Valeria Romito, Annalisa Sciullo, Stefano Taccone, Monica Toscani, Francesca Tunno , Daniela Verducci, Patrizia Vespaziani.
    [Show full text]
  • Le Tavole Statistiche Fuori Testo
    Tavole statistiche Elenco delle tavole statistiche fuori testo Tirature e vendite complessive dei giornali quotidiani per area di diffusione e per categoria (2003-2004-2005) Provinciali ....................................................................................................................................................... Tavola I Regionali .......................................................................................................................................................... Tavola II Pluriregionali ............................................................................................................................................... Tavola III Nazionali .......................................................................................................................................................... Tavola IV Economici ....................................................................................................................................................... Tavola V Sportivi .............................................................................................................................................................. Tavola VI Politici ................................................................................................................................................................. Tavola VII Altri ......................................................................................................................................................................
    [Show full text]
  • Separate and Consolidated Interim Financial Statements As at 30 June 2020
    Separate and Consolidated Interim Financial Statements as at 30 June 2020 Separate and Consolidated Interim Financial Statements as at 30 June 2020 Contents 7 Introduction 17 Report on Operations 171 Interim Separate Financial Statements as at 30 June 2020 239 Interim Consolidated Financial Statements as at 30 June 2020 303 Corporate Directory 4 Contents Introduction 7 Corporate Officers 8 Organisational Structure 9 Introduction from the Chairman of the Board of Directors 11 Financial Highlights 12 Report on Operations 17 Mission 18 Market scenario 18 The Rai Group 24 Television 41 Radio 97 RaiPlay and Digital 107 Public broadcasting service function 116 TV production 119 Technological activities 120 Transmission and distribution activities 129 Sales activities 130 Other activities 135 Changes in the regulatory framework 143 Corporate governance 148 Corporate Governance Report - the Rai Control Governance Model and the Internal Control and Risk Management System (SCIGR) 150 Other information 155 Human Resources and Organisation 155 Safety & Security 159 Intercompany Relations 161 Significant events occurring after 30 June 2020 168 Outlook of operations 168 5 Interim Separate Financial Statements as at 30 June 2020 171 Analysis of the results and performance of operating results, financial position and cash flows for the first half of 2020 172 Financial Statements of Rai SpA 186 Notes to the Interim Separate Financial Statements as at 30 June 2020 191 Certification pursuant to article 154-bis of Italian Legislative Decree 58/98 235 Independent
    [Show full text]
  • CV June 2019
    Emanuele Ferragina Sciences Po Paris, Department of Sociology, OSC-CNRS & LIEPP 27 Rue Saint-Guillaume, 75007 Paris, France T: +33 (0)145495456 - M:[email protected] - W: www.emanueleferragina.com Date of Birth: 26th March 1983 RESEARCH INTERESTS Welfare regimes, comparative political economy, family policy, social capital, comparative method APPOINTMENTS HISTORY Associate Professor of Sociology, Sciences Po Paris (2019 – Present) Assistant Professor of Sociology, Sciences Po Paris (2015 - 2018) Associate Member LIEPP, Sciences Po Paris (2015 - Present) Associate Member Department of Social Policy and Intervention, University of Oxford (2015 - Present) Adjunct Professor, University of Bergamo (2012 - Present) Departmental Lecturer in Comparative Social Policy, University of Oxford, 2013-2014 Fellow Green Templeton College, University of Oxford 2012-2014 Researcher Department of Social Policy and Intervention, University of Oxford, 2010-2013 Lecturer ESCP Europe London & Paris, 2007-2012 VISITING FELLOWSHIPS Visiting Alliance Professor Department of Sociology/School of Social Work, Columbia University, Spring 2019 Visiting Fellow Department of Social Policy, London School of Economics, Fall 2016 Visiting Professor, University Magna Graecia Catanzaro, December 2015 Guest Scholar School of Social Welfare, University of California at Berkeley, Fall 2012 EDUCATION Habilitation (HDR), Sociology, Sciences Po, March 2017 PhD in Comparative Social Policy, University of Oxford, December 2010 Double MSc in Economics, ESCP Europe Paris and London City University, July 2007 MA in International Politics, University of Turin, July 2006 (Summa cum Laude) Double BA in Political Science, University of Turin and Sciences Po Bordeaux, July 2004 (Summa cum Laude) PUBLICATIONS Books Ferragina, E. (2014) La Maggioranza Invisibile. Milano: BUR/Rizzoli Ferragina, E. (2013) Chi Troppo, Chi Niente.
    [Show full text]
  • International Press
    International press The following international newspapers have published many articles – which have been set in wide spaces in their cultural sections – about the various editions of Europe Theatre Prize: LE MONDE FRANCE FINANCIAL TIMES GREAT BRITAIN THE TIMES GREAT BRITAIN LE FIGARO FRANCE THE GUARDIAN GREAT BRITAIN EL PAIS SPAIN FRANKFURTER ALLGEMEINE ZEITUNG GERMANY LE SOIR BELGIUM DIE ZEIT GERMANY DIE WELT GERMANY SUDDEUTSCHE ZEITUNG GERMANY EL MUNDO SPAIN CORRIERE DELLA SERA ITALY LA REPUBBLICA ITALY A NEMOS GREECE ARTACT MAGAZINE USA A MAGAZINE SLOVAKIA ARTEZ SPAIN A TRIBUNA BRASIL ARTS MAGAZINE GEORGIA A2 MAGAZINE CZECH REP. ARTS REVIEWS USA AAMULEHTI FINLAND ATEATRO ITALY ABNEWS.RU – AGENSTVO BUSINESS RUSSIA ASAHI SHIMBUN JAPAN NOVOSTEJ ASIAN PERFORM. ARTS REVIEW S. KOREA ABOUT THESSALONIKI GREECE ASSAIG DE TEATRE SPAIN ABOUT THEATRE GREECE ASSOCIATED PRESS USA ABSOLUTEFACTS.NL NETHERLANDS ATHINORAMA GREECE ACTION THEATRE FRANCE AUDITORIUM S. KOREA ACTUALIDAD LITERARIA SPAIN AUJOURD’HUI POEME FRANCE ADE TEATRO SPAIN AURA PONT CZECH REP. ADESMEUFTOS GREECE AVANTI ITALY ADEVARUL ROMANIA AVATON GREECE ADN KRONOS ITALY AVLAIA GREECE AFFARI ITALY AVLEA GREECE AFISHA RUSSIA AVRIANI GREECE AGENZIA ANSA ITALY AVVENIMENTI ITALY AGENZIA EFE SPAIN AVVENIRE ITALY AGENZIA NUOVA CINA CHINA AZIONE SWITZERLAND AGF ITALY BABILONIA ITALY AGGELIOF OROS GREECE BALLET-TANZ GERMANY AGGELIOFOROSTIS KIRIAKIS GREECE BALLETTO OGGI ITALY AGON FRANCE BALSAS LITHUANIA AGORAVOX FRANCE BALSAS.LT LITHUANIA ALGERIE ALGERIA BECHUK MACEDONIA ALMANACH SCENY POLAND
    [Show full text]
  • L'istituto Di Fisica Inglese Rende Omaggio Al Triestino Ghirard
    HOME CRONACA SPORT ITALIA E MONDO TEMPO LIBERO FOTO VIDEO RISTORANTI ASTE E APPALTI ANNUNCI CASA LAVORO NEGOZI Sei in: Archivio > Il Piccolo > 2007 > 04 > 27 > L'Istituto di fisica ingl... TOPIC CORRELATI L'Istituto di fisica inglese rende PERSONE omaggio al triestino Ghirardi TRIESTE Pomeriggio all'insegna dell'Universo quantistico, oggi al Centro di ENTI E SOCIETÀ bell (1) fisica teorica. Con inizio alle ore 15, nell'aula Kastler dell'Adriatico williams (1) Guesthouse di Grignano, verrà presentato il volume «The Quantum Universe»che il prestigioso Institute of Physics (Iop) inglese ha voluto LUOGHI pubblicare in onore di GianCarlo Ghirardi, del Dipartimento di fisica teorica rimini (1) dell'Università di Trieste, presidente del Consorzio per la fisica, autore di trieste (1) contributi di grandissimo rilievo nel campo della meccanica quantistica. Dopo gli indirizzi di saluto di prammatica, Sarah Williams, editor del «Journal of Physics A» dell'Iop, illustrerà i contenuti del volume, che raccoglie articoli tecnici e riflessioni di molti dei maggiori esponenti della fisica teorica e quantistica dei nostri giorni. Seguirà poi la parte più specialistica della giornata, con le relazioni di due dei curatori del volume: Detlef Duerr dell'Università di Monaco e Angelo Bassi dell'ateneo triestino. Per GianCarlo Ghirardi, milanese di nascita e di studi ma che ha messo radici a Trieste dall'ormai lontano 1963, si tratta di un nuovo riconoscimento che sottolinea l'importanza di quella teoria GRW (Ghirardi-Rimini-Weber) ormai entrata non soltanto nei testi che si occupano dei fondamenti della meccanica quantistica, ma anche nei libri divulgativi di fisica. Come si legge nella prefazione a «The Quantum Universe», il modello GRW nasce «dalla Immagini di alta qualità a convinzione che la stessa fisica deve governare sia i sistemi microscopici sia quelli macroscopici».
    [Show full text]
  • Fac Simile Di Layout Rassegna Stampa
    ALLEGATO 1 FAC SIMILE DI LAYOUT RASSEGNA STAMPA Sezione “PRIME PAGINE”; Sezione “PRIMO PIANO” – compendiante solo le notizie di maggiore e autentico interesse della giornata: articoli di rilievo pubblicati su testate nazionali e locali in cui viene citata la Guardia di Finanza; articoli di cronaca, di politica, di economia ed esteri, pubblicati su testate nazionali e locali, i quali risultino di concreto interesse istituzionale; Sezione “GUARDIA DI FINANZA NAZIONALE”: con tutti gli articoli pubblicati su testate nazionali in cui viene citata la Guardia di Finanza; Sezione RASSEGNA WEB; Sezione RADIO/TV; Sezione “GUARDIA DI FINANZA LOCALE” – contenente: gli articoli pubblicati su testate locali in cui viene citata la Guardia di Finanza; articoli di cronaca, di politica, di economia ed esteri, pubblicati su testate locali, che nonostante non citino il Corpo, risultino comunque di interesse locale; Sezione “INTERNAZIONALE”, con tutti gli articoli pubblicati su testate internazionali in cui viene citata la Guardia di Finanza oppure di interesse istituzionale. Sezione “ARTICOLI DI INTERESSE”, con tutti i restanti articoli, non pubblicati all’interno delle sopradescritte aree, distinti per tematica: “Economia e Fisco”, “Politica”, “Cronache e Criminalità”, “Esteri” e “Altre notizie”. Pag. 1 di 13 ALLEGATO 1 - Comando Generale Guardia di Finanza – V Reparto – Ufficio Stampa ALLEGATO 1 TESTATE STAMPA NAZIONALE - QUOTIDIANI Il Sole 24 Ore Corriere della Sera (comprese le edizioni di Milano e Roma) Italia Oggi La Repubblica (comprese le edizioni
    [Show full text]
  • Implementation Considerations for the Introduction and Transition to Digital Terrestrial Sound and Multimedia Broadcasting
    Report ITU-R BS.2384-0 (07/2015) Implementation considerations for the introduction and transition to digital terrestrial sound and multimedia broadcasting BS Series Broadcasting service (sound) ii Rep. ITU-R BS.2384-0 Foreword The role of the Radiocommunication Sector is to ensure the rational, equitable, efficient and economical use of the radio- frequency spectrum by all radiocommunication services, including satellite services, and carry out studies without limit of frequency range on the basis of which Recommendations are adopted. The regulatory and policy functions of the Radiocommunication Sector are performed by World and Regional Radiocommunication Conferences and Radiocommunication Assemblies supported by Study Groups. Policy on Intellectual Property Right (IPR) ITU-R policy on IPR is described in the Common Patent Policy for ITU-T/ITU-R/ISO/IEC referenced in Annex 1 of Resolution ITU-R 1. Forms to be used for the submission of patent statements and licensing declarations by patent holders are available from http://www.itu.int/ITU-R/go/patents/en where the Guidelines for Implementation of the Common Patent Policy for ITU-T/ITU-R/ISO/IEC and the ITU-R patent information database can also be found. Series of ITU-R Reports (Also available online at http://www.itu.int/publ/R-REP/en) Series Title BO Satellite delivery BR Recording for production, archival and play-out; film for television BS Broadcasting service (sound) BT Broadcasting service (television) F Fixed service M Mobile, radiodetermination, amateur and related satellite services P Radiowave propagation RA Radio astronomy RS Remote sensing systems S Fixed-satellite service SA Space applications and meteorology SF Frequency sharing and coordination between fixed-satellite and fixed service systems SM Spectrum management Note: This ITU-R Report was approved in English by the Study Group under the procedure detailed in Resolution ITU-R 1.
    [Show full text]
  • Advertising Network for Premium Publisher Good News
    Advertising Network for Premium Publisher ! "Good news ! "European Online Advertising continued to grow everywhere in 2009 (€14,7 billion and increase 4,5%). Thursday, September 30 4w Marketplace™ s.r.l.- All rights reserved - INMA/OPA Europe Conference 2010 2 ! "and contextual advertising? ! "Contextual advertising is part of search (€ 6,7 billion) and growth 10,8% Thursday, September 30 4w Marketplace™ s.r.l.- All rights reserved - INMA/OPA Europe Conference 2010 3 ! "Introducing 4w Marketplace™ ! " 4w Marketplace™, a Digital Magics Group company operating in the performance online adv market, has developed and manages the open platform known as 4w Net™ ! " 4w Net™ is an open platform on which editors allow agencies and clients publishing their advertisement in order to bring about qualified traffic and get lead generation. ! " The unique feature of 4w Net™ is to offer a privileged access to qualified audiences to advertiser investors. The three main features are: ! " Advanced qualified targeting technology, a planning pattern that enables investments in both Channel & Contextual Planning ! " Costs based on users’ actions on a performance basis (ex: per click, contact and sale) ! " Sophisticated algorithms that enable optimization and contextualization of text links, especially developed to maximize the user’s actions within web pages containing dynamic news ! " Thanks to the exclusive partnership with PPN - PREMIUM PUBLISHER NETWORK, established in 2009, with RCS group and Gruppo l’Espresso, 4w Net™ manages the biggest Italian qualified
    [Show full text]
  • Giovanni Guidotti
    HOME CRONACA SPORT ITALIA E MONDO TEMPO LIBERO FOTO VIDEO RISTORANTI ASTE E APPALTI ANNUNCI CASA LAVORO NEGOZI Sei in: Archivio > Gazzetta di Reggio > 2020 > 04 > 16 > Senza Titolo TOPIC CORRELATI Senza Titolo PERSONE Giovanni GuidottiREGGIO EMILIASui fratelli Cervi, uccisi dai fascisti il 28 giovanni dicembre '43 al poligono di tiro di Reggio, molto si è scritto, in numerose guidottireggio (1) ricerche, articoli su giornali e riviste, e nel libro "I miei sette figli", pubblicato i miei sette figli" (1) laura artioli (1) nel '55, in cui papà Alcide ripercorre le emblematiche, drammatiche vicende luciano casali (1) familiari creando le premesse per una leggenda che ha oltrepassato i confini walter veltroni (1) della Resistenza. Tuttavia, a questo proposito, la studiosa reggiana Laura Artioli ritiene che ancora manchi una seria ricognizione storica, e per ENTI E SOCIETÀ acquisire nuovi elementi di indagine è andata a cercare le "briciole del quotidiano" dei Cervi fra i documenti di numerosi archivi, allo scopo di LUOGHI "ritrovare le tracce delle individualità e dei legami, dei loro tempi di vita, del gattatico (1) loro conformarsi alla tradizione, dell'adesione o meno ai modelli reggio (1) correnti".Parte da tali premesse "Con gli occhi di una bambina", il volume reggio emilia (1) della Artioli che ricostruisce una "memoria pubblica della famiglia" utilizzando anche testi di vari autori, interviste, fotografie e, come filo conduttore, la biografia, i racconti e pure le intime riflessioni di Maria, figlia di Antenore, il secondo dei fratelli: sarà lei a raccogliere l'eredità dei Cervi, la prima degli undici nipoti di Alcide nati nella casa dei Campi rossi di Gattatico, testimone a soli 9 anni di quei tragici eventi.
    [Show full text]
  • “Price Sensitive” Press Release in Compliance with the Finance Act and the Consob Regulations
    “PRICE SENSITIVE” PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND THE CONSOB REGULATIONS The Espresso Group: the Board of Directors approves the consolidated financial statement of the first quarter 2005: net profit increasing from €21.7 millions to €27.9 millions SUMMARY The consolidated financial statement in the first quarter 2005 The Board of Directors of the Gruppo Editoriale L'Espresso S.p.A. met today in Rome under the Chairmanship of Carlo Caracciolo and approved the consolidated financial statement of the first quarter 2005, drafted according to the Italian accounting principles. In synthesis, the main data, compared with the previous year, are as follows: (€millions) consolidated data 1st Quarter 1st Quarter % 2004 2005 Revenues 282.6 275.8 -2.4% Of which: • Circulation 150.7 142.2 -5.6% • Advertising 121.9 126.5 +3.8% Gross Operating Profit 59,2 59,9 +1,1% Operating Profit 45,9 46,1 +0,6% Financial Income/(Expense) (3.0) 3.0 Net Profit 21.7 27.9 12/31/2004 03/31/2005 Net Financial Position (131.1) (46.8) Employees 3,271 3,281 Acquisition of RETE A S.r.l. The Company has finalized the acquisition of the television broadcasting network Rete A – All Music on April 14, 2005, having received all the authorizations required by the Competent Authorities, and paid the price amounting to €115 million making use of part of the proceeds made available by the bond of €300 millions issued in October 2004. The new organizational structure, the new programmes, which will, however, be kept as mainly music programmes addressed to young people, will be defined during next months, together with the investment to complete the coverage of the television signal, both analogue and digital.
    [Show full text]