MILAN (Reuters) - RCS Mediagroup
The split, aimed at extracting value from the debt-laden company, could open the door to new investors, the Italian daily said in an unsourced report.
The carmaker, which already controls Turin newspaper La Stampa, will likely become the biggest shareholder in RCS as other investors sell their rights and their stakes are diluted.
The controlling group of shareholders also includes investment bank Mediobanca
The group could then hive off activities linked to Corriere della Sera and roll them into a new company with La Stampa.
A second unit could be built around sports newspaper Gazzetta dello Sport, while a third company would absorb the Spanish assets of RCS, according to La Repubblica.
Fiat chairman John Elkann, who was named to the board of Rupert Murdoch's News Corp
There is no plan to tie up RCS Mediagroup with News Corp
A plan worked out to shore up the company in February does not envisage any split and is based on the sale of a wide range of assets and on layoffs.
(Reporting by Francesca Landini and Jennifer Clark)