Italian law threatens Berlusconi's media empire

In a move aimed squarely at former prime minister Silvio Berlusconi's media empire, the Italian cabinet has approved a new law that will force his Mediaset company and Italy's state broadcaster RAI to each give up one of their three terrestrial analogue channels by 2009 and switch them to the digital platform. Berlusconi called the decision a "political vendetta" and vowed to fight the bill's passage through parliament. Mediaset and RAI together garner about 85% of the country's TV advertising. (Via Money Central)