RCS media units under one roof

Move is said to streamline administrative structure

VENICE -- RCS MediaGroup, Italy's largest publisher, is combining its three media-related subsidiaries into a single entity called RCS Entertainment.

The group, which publishes Italian newspaper Corriere della Sera, said Thursday that it will shift subsidiaries Rizzoli Publishing Italia, satellite content company Digicast, and multimedia operator RCS New Media under the new company's umbrella.

It said the move will streamline administrative structures and reduce costs. It was not clear if the change was a precursor to a change in the company's media strategy.