RUSSIA’S WEEKLY NEWSPAPER MOSKOVSKIYE NOVOSTI SET TO SHUTDOWN IN NEW YEAR
December 17th 2007 11:26
Russia’s weekly newspaper Moskovskiye Novosti now seems certain to cease publishing on January 1.
Moscow Times commented, “It may have outlived perestroika and survived the Yukos affair, but now financial problems seem to have sunk Moskovskiye Novosti.”
Management at the publication's parent company, Obyedinyonniye Media, held a meeting on Friday that seemingly doomed the paper, although there is some hope that it may be relaunched at some future date in a new format, according to a statement by the publisher.
Obyedinyonniye Media, owned by Israeli-Russian businessman Arkady Gaidamak, runs a host of other media outlets, including the radio station Business FM, and also prints Moskovskiye Novosti's sister English-language edition, The Moscow News, in partnership with RIA-Novosti, the state news agency.
- From MediaBlab
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