Russia: Government-friendly company to buy yet another media outlet

Posted by Elena Perotti on November 23, 2006 at 5:55 PM
Gazprom Media, a division of state-owned gas producer Gazprom, persists in its newspaper shopping activity. This months objective is Komsomolskaya Pravda, one the most widely read newspapers in Russia. “Gazprom Media is in the process of striking a deal”, said sspokeswoman Irina Zenkova. Komsomolskaya Pravda has a circulation of about 800,000 copies, and its readership is said to exceed 2,000,000.

The deal will probably be completed by early next year. “We are rushing to do it by the end of the year but it will probably happen in January, declared Nikolai Senkevich, the head of Gazprom-Media.

Komsomolskaya Pravda is currently controlled by Prof-Media, an arm of the financial and banking holding Interros, which is owned by billionaire Vladimir Potanin. The Norwegian publisher A-Pressen owns 25 percent of Prof-Media..

Several political analysts suggest that media outlets are being brought under the control of the Kremlin in order to influence the 2008 presidential elections, at the end of Putin two-term office. "I think in the next six months we will see those interested in playing in the political arena going after not only news but entertainment media," said Boris Timoshenko, head of press monitoring at the Glasnost Defense Foundation.

Source: International Herald Tribune, Radio Free Europe, RTE Business 

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1 Comments

Ben parker said:

I do most of my reading on a computer screen, a desktop or a laptop. Unwieldy and far from ideal. The Belgian newspaper experiment is using devices that are pretty big and unwieldy, too (see the complete article at Tech M&C).

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