| Type | Società per azioni |
|---|---|
| Traded as | BIT: MNDI |
| Industry | Media |
| Founded | 1907 (Ostiglia, Mantua, Italy) |
| Headquarters | Segrate, Milan, Italy |
| Key people | Marina Berlusconi (Chairman), Maurizio Costa (CEO) |
| Products | Publishing of books and magazines, advertising, radio broadcasting |
| Services | Bookshops |
| Revenue | €1.558 billion (2010)[1] |
| Operating income | €114.2 million (2010)[1] |
| Profit | €42.1 million (2010)[1] |
| Total assets | €1.884 billion (end 2010)[1] |
| Total equity | €581.0 million (end 2010)[1] |
| Employees | 3,650 (end 2010)[1] |
| Website | www.mondadori.com |
Arnoldo Mondadori Editore (Italian pronunciation: [aɾˈnɔldo mondaˈdoːɾi ediˈtoːɾe]) is the biggest publishing company in Italy.
Contents |
Founded by the 18-year-old Arnoldo Mondadori in 1907 to publish the magazine titled Luce!, it soon became an important publisher. Its headquarters are in Milan.
It is controlled by Fininvest, Silvio Berlusconi's family holding company. Marina Berlusconi is the chairman.
Between 1989 and 1991, there has been a financial conflict between Silvio Berlusconi and Carlo De Benedetti, two of the largest employers of those years.
In 1988 Berlusconi bought Leonardo Mondadori's (nephew of Arnoldo Mondadori) shares. Mondadori was then owned by three: Berlusconi's Fininvest, Carlo De Benedetti's CIR and the Formenton family (Arnoldo Mondadori's heir). Carlo De Benedetti convinced the Formentons to conclude an agreement that would bring him to obtain the Formenton's shares by 30 January 1991, but in November 1989 the Formenton family sided on Berlusconi's side, allowing him to become the new Mondadori president on 25 January 1990; De Benedetti then protested, claiming its agreement. The three sides took the unanimous decision of an arbitrary award to solve the conflict.
On 20 June 1990 was the first verdict: the agreement between De Benedetti and Formenton was considered still valid; as a consequence, the Mondadori shares became owned by the CIR (De Benedetti) and Berlusconi left the presidence of the company.
Berlusconi and the Formentons then appealed at the Appeal Court of Rome, which assigned the case to Civil Section I. This section was chaired by Arnaldo Valente and the Judge-Rapporteur was Vittorio Metta. The ruling was made public on 24 January 1991 and nullified the arbitrary award verdict and gave the Mondadori shares back to Berlusconi's Fininvest.
In 1995, after receiving some proclamations, the judiciary started investigating the authenticity of the ruling. It turned out that Berlusconi won thanks to the corruption of Judge Vittorio Metta. Vittorio Metta was sentenced to 11 years in prison in 2003, but won an appeal in 2005. The Court of Cassation nullified that appeal in 2006, and Vittorio Metta was sentenced to 1 year and 9 months in 2007. Berlusconi hasn't been sentenced. The trial expired for time limit.
Recently Mondadori has accessed to the gambling sector in Italy with the society Glaming. That has raised objection for conflict of interest about Silvio Berlusconi, because the sector is managed by the Italian Monopoli di Stato (state monopolies) and Berlusconi is the Italian premier.
The group today includes nine distinct publishing houses, a number of which have more than one imprint:
|
|
Also magazines published by Attica Publications S.A. (Greece) of which Mondadori owns 41.66%.
Athens DeeJay (Greece), Rock FM (Greece)
Glaming