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The Guardian - UK

Roy Greenslade

Italian publisher acquires Spanish news group

The Italian publisher, RCS Media, has agreed to buy the Spanish publishing group Recoletos for €1.1bn (£720m). RCS, the Milan-based owner of the leading Italian daily Corriere della Sera and the successful La Gazetta dello Sport, already owns Spain's second-largest daily, El Mundo. The acquisition of Recoletos will add to its stable Spain's best-selling financial daily, Expansion, and the country's best-selling sports daily, Marca. It also includes the leading news website in the Spanish world. (Via Innovations in Newspapers)

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