Press release

01/10/2011 - 10:15 PM

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Telecom Italia Media S.p.A. announces that Dahlia TV shareholders have been informed today of the decision to wind up the company and have therefore appointed an Official Receiver charged with drawing up a liquidation plan as soon as possible.

The precise effects of this move on TI Media's balance sheet will only become clear once this plan has been finalised. However current evaluations lead us to predict that full-year 2010 EBITDA for TI Media will remain broadly unchanged from the figure as of 30/09/2010. The full effects will be presented in the financial statements at 31/12/2010 to be approved by the Board of Directors by the end of the coming month of February.

 

Rome, 10 January 2011