Mediaset shares surge
Berlusconi victory sends stock soaring
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They subsequently dropped 2.55% to $9 on reports that Italian ad spending is falling as the economy nears recession.
Final election results released Tuesday showed that Berlusconi won a majority in both houses of parliament likely to keep him in power as prime minister for a full five-year mandate. Berlusconi’s third government since he entered politics 14 years ago is not expected to be installed until May.
