Rome, 19 November 2008 – Telecom Italia Media S.p.A and Cairo Communication S.p.A. have agreed a new three year esclusive concession contract (2009-2011) for advertising sales, on the La7 television station, on its digital channels and web sites, with expected minimum gross annual advertising revenues of 120 million Euro, with an annual corresponding minimum commission guaranteed for the Broadcaster of 84 million Euro. The contract will be automatically renewed for further three years upon reaching the agreed additional objectives.
La7