advertising revenue. Fininvest’s broadcasting strategy was a blend of consumerism and
glamour, modernity and family values, and focused on movies and telefilms imported
from the USA, Brazilian telenovelas, Japanese cartoons, variety and quiz shows, and
endless advertising.
During the 1980s Berlusconi expanded into other sectors of the industry of popular
culture and entertainment, such as cinema and music. Further-more, through the
acquisition of the Milanese conservative daily Il Giornale (1979), the foundation of the
publishing house Silvio Berlusconi Editore (1986), and the acquisition of Mondadori
(1991), Berlusconi’s presence was also established in the publishing sector. Between
weekly and monthly magazines, Berlusconi’s two publishing houses marketed around
twenty-five of the best-sold Italian periodicals, including the television guide TV Sorrisi e
Canzoni, with a readership of more than 13 million. With the acquisition of the soccer
team AC Milan in 1986, and the ongoing series of successes the team enjoyed afterwards,
Berlusconi crowned his career as entrepreneur in the field of mass entertainment and
added the final touches to his public image of self-made, all-powerful winner.
On 26 January 1994, on the eve of the national elections, Berlusconi suddenly
resigned from the position of President of Fininvest (which, however, remained a family-
held company) and entered the political field at the head of Forza Italia, a brand new
political party—with a name, significantly, culled from a football slogan—which he had
been covertly organizing during the previous six months. The outcome of an intense two-
month electoral campaign, which saw Forza Italia employing the most advanced
techniques of political marketing and fully exploiting all the potential of Fininvest’s
media, was a 21 per cent share of the vote and the elevation of Berlusconi to the
presidency of the Council of Ministers. However, due to the withdrawal of the Northern
League from the governing coalition, Berlusconi’s presidency lasted only seven months
(10 May 1994–22 December 1994), and the subsequent national election of April 1996
saw him relegated to the role of leader of the opposition.
Having entered politics, Berlusconi was accused of concentrating excessive economic
and political resources in his hands, thus creating a great number of potential conflicts of
interest. Nevertheless, in June 1995, three referenda concerning the private television
system—which, if passed, would have reduced Berlusconi’s concentration of ownership
as well as the revenue of his media empire—were defeated by the majority of the Italian
voters. The problem of the potential conflict of interest seemed to find a partial solution
one year later with the entry into the stock market of Mediaset, the holding company of
the Berlusconi’s three televisions, even if Berlusconi himself retained the majority of the
shares.
Despite having been convicted of corruption while president of Fininvest, Berlusconi
remained a national political figure and the symbol of the postmodern erosion of the
demarcation between business, politics, media and popular culture.
See also: broadcasting; private television
Further reading
Fiori, G. (1995) Il venditore. Storia di Silvio Berlusconi e della Fininvest (The Salesman: The
History of Silvio Berlusconi and Fininvest), Milan: Garzanti.
Encyclopedia of contemporary italian culture 88