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MARKETS LIVE BLOG:

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RBC Capital Markets raises S&P 500 year-end target to 5,700

No plans to oust Mediaset Espana CEO, top shareholder says

Reuters
The Mediaset headquarters is seen ahead of the commercial broadcaster's annual general meeting in Cologno Monzese

(Rewords 2nd paragraph)

MILAN (Reuters) - The top investor of Mediaset Espana has no plan to oust Paolo Vasile from the role of CEO at the Spanish broadcaster, a spokesperson for MediaforEurope said on Monday, denying Spanish media reports.

"No ousting of Paolo Vasile as CEO is underway," the spokesperson said in a statement to Reuters, adding Vasile's results over his tenure at the helm of the company are "extraordinary."

(Reporting by Elvira Pollina; Editing by Chris Reese)