                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 6-K

                         REPORT OF FOREIGN PRIVATE ISSUER

                        PURSUANT TO RULE 13a-16 OR 15D-16
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                         FOR THE MONTH OF JANUARY 2006


                              TELECOM ITALIA MEDIA S.P.A.
                 (Translation of registrant's name into English)

                  VIA CRISTOFORO COLOMBO 142, 00147 ROME, ITALY
                     (Address of principal executive offices)


          Indicate by check mark whether the registrant files
          or will file annual reports under cover of Form 20-F or Form 40-F:

                          FORM 20-F [X]   FORM 40-F [ ]


          Indicate by check mark if the registrant
          is submitting the Form 6-K in paper
          as permitted by Regulation S-T Rule 101(b)(1): [ ]

          Indicate by check mark if the registrant
          is submitting the Form 6-K in paper
          as permitted by Regulation S-T Rule 101(b)(7): [ ]


          Indicate by check mark whether by furnishing the information
          contained in this Form, the registrant is also thereby furnishing
          the information to the Commission pursuant to Rule 12g3-2(b)
          under the Securities Exchange Act of 1934.

                               YES [ ]     NO [X]

          If "Yes" is marked, indicate below the file number assigned
          to the registrant in connection with Rule 12g3-2(b): 82- _______

PRESS RELEASE

TELECOM ITALIA MEDIA: ~~NEW~~BUFFETTI ~~ORGANIZATIONAL~~GROUP ~~STRUCTURE~~DISPOSAL ~~LAUNCHED FOLLOWING THE INCORPORATION OF LA7~~

~~Riccardo~~Milan, ~~Perissich~~January ~~confirmed~~11, as2006 ~~Chairman~~– Telecom Italia Media informs that, ~~Enrico~~having ~~Parazzini~~received asthe ~~CEO~~go-ahead ~~and~~from ~~Antonio~~the ~~Campo~~regulatory ~~Dall’Orto~~authorities, astoday ~~General~~it ~~Manager~~has ~~Television~~transferred its 100% stake in the Buffetti SpA Group to PFD SpA, a company 51%-owned by Dylog Italia SpA and 49%-owned by Palladio Finanziaria SpA.

Milan, January 11, 2006 – At today’s meeting chaired by Riccardo Perissich, the Telecom Italia Media (Telecom Italia Group) Board of Directors examined the company’s new organizational structure, after its announcement in the wake La7 Televisioni’s merger into Telecom Italia Media. The Board took note of Fabrizio Grassi’s resignation from the post of General Manager and other positions in the Group, and took the opportunity to express its warmest thanks for his skill, experience and managerial abilities over the years.

The new structure is more tightly integrated and has been designed to yield business and support operation synergies. Riccardo Perissich is confirmed as Chairman, Enrico Parazzini as CEO, and Antonio Campo Dall’Orto as General Manager Television, with slightly different responsibilities. The company departments responsible for overall strategy and oversight report directly to the CEO. The Television General Manager’s office is divided into three units: news, content, and business operations/support functions. Wholly-owned Telecom Italia Media subsidiaries TM News (APCom) company is run by Paolo Ferrari and managing editor Antonio Calabrò, while TI Media Broadcasting continues to be managed by Paolo Ballerani.

Media Relations

Telecom Italia Media Press Office

+39.06.3688.2610

www.telecomitalia.it/stampa_uk

Investor Relations

+39.06.5150.5424

www.investor.telecomitaliamedia.it

investor.relations@telecomitaliamedia.it

Cautionary Statement for Purposes of the "Safe Harbor" Provision of the United States Private Securities Litigation Reform Act of 1995.

The Private Securities Litigation reform Act of 1995 provides a "safe harbor" for forward-looking statements. The Press Release included in this Form 6-K contains certain forward looking statements and forecasts reflecting management's current views with respect to certain future events. The ability of the Telecom Italia Media Group to achieve its projected results is dependant on many factors which are outside of management's control. Actual results may differ materially from those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and are based on certain key assumptions.

The following important factors could cause the Telecom Italia Media Group's actual results to differ materially from those projected or implied in any forward-looking statements:

- the continuing impact of increased competition in the market;

- the ability of the Telecom Italia Media Group to introduce new services and products;

- the impact of regulatory decisions and changes in the regulatory environment;

- the continuing impact of rapid changes in technologies;

- the impact of political and economic developments in Italy and

- Telecom Italia Media's ability to successfully implement its internet strategy.

The foregoing factors should not be construed as exhaustive. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Accordingly, there can be no assurance that the group will achieve its projected results.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:      January 11th12th, 2006


                                               TELECOM ITALIA MEDIA S.P.A.
                                                      (Registrant)


                                              BY: /s/ Paolo Serra
                                                  ---------------------------
                                                      Paolo Serra
                                                 Chief Financial Officer

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