Approval of First-Half Year Report at 31 March 2005

Approval of 2004-2005 1st half-year report at 31 March 2005. DIPIU’ TV”: average sales of 800,000 copies for 1st 14 issues, emulating the success of “Settimanale DIPIU’”(average sales of 813,000 copies for 1st 52 issues).