UPDATE 3-Fiat holds on to RCS Media stake, chills bid talk

Newswire

(Adds analyst quotes) By Gianluca Semeraro and Rachel Sanderson MILAN/ROME, June 20 (Reuters) - Italian industrial group Fiat intends to keep hold of its stake in RCS Mediagroup , its chief executive said on Monday, chilling speculation about a hostile bid for the publisher. Fiat Chief Executive Sergio Marchionne denied speculation the struggling automaker could sell its 10 percent stake in RCS to allies of Roman corporate raider Stefano Ricucci. "Maybe someone else had that idea. I ...

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