Italy’s RCS MediaGroup plans to spend up to €60m ($75m) over five years on launching a new sports television channel, according to the TV Digital Divide website.
The new channel, Gazzetta TV, will be distributed on free-to-air, digital-terrestrial-television services.
RCS, which owns daily sports newspaper Gazzetta dello Sport, will reportedly spend between €8m and €9m on establishing the channel before spending an average of €15m per year.
The channel will be managed by Digital Factory, a subsidiary of production company Digicast.