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Silvio Berlusconi's Mediaset Reports Net Profit Hike of 29% to $492.8 Million for 2010

Italian broadcast group said it would raise its annual dividend, but the reaction from investors was muted.

ROME -- Italian broadcaster Mediaset reported Wednesday that its net profit for 2010 rose 29% compared to 2009 and that it would raise its annual dividend, but the reaction from investors was muted.