Telecom Italia Media Narrows Loss for 2010, Predicts Growth Going Forward

7:54 PM PST 2/24/2011 by Eric Lyman

The media arm of the former Italian state telephone monopoly sees 10 percent growth.

ROME – Telecom Italia Media, the media arm of the former Italian state telephone monopoly and the owner of the smallest of the country’s seven national broadcasters, reported in its full-year financial statement that its loss for 2010 narrowed by 25% and it predicted a 10% growth rate going forward.