Russia: Kremlin stakes in media?
Posted by Jean Yves Chainon on January 25, 2007 at 10:53 AM
Komsomolskaya Pravda used to be the Kremlin’s leading propaganda paper for youth. As it is eyed by state-owned Gazprom, it could now become one other platform for President Vladimir Putin’s voice.
The paper, along with Russia’s transformation, has become a celebrity-and-scandal filled tabloid. It still remains the most-read Russian daily with 10 million readers.
The Komsomolskaya Pravda is worth, according to estimates, as much as $300 million.
Gazprom, state-owned energy giant, announced that it will be negotiating a stake in the Pravda – although a spokeswoman insisted this was on behalf of another investor.
In any case, the other investor would be one of Russia’s top-10 fortunes, Vladimir Potanin, who also has sympathies for the current government.
Since Putin became president, the Kremlin has taken control of Russia’s leading television stations. Most of the rival leading newspapers are owned by groups or individuals who are in friendly terms with the government.
Will Komsomolskaya Pravda succumb, thus giving a near media monopoly to Kremlin partisans? News sources from around the world should keep an eye on what Russian media become in the years to come.
Source: timesonline.co.uk
The Komsomolskaya Pravda is worth, according to estimates, as much as $300 million.
Gazprom, state-owned energy giant, announced that it will be negotiating a stake in the Pravda – although a spokeswoman insisted this was on behalf of another investor.
In any case, the other investor would be one of Russia’s top-10 fortunes, Vladimir Potanin, who also has sympathies for the current government.
Since Putin became president, the Kremlin has taken control of Russia’s leading television stations. Most of the rival leading newspapers are owned by groups or individuals who are in friendly terms with the government.
Will Komsomolskaya Pravda succumb, thus giving a near media monopoly to Kremlin partisans? News sources from around the world should keep an eye on what Russian media become in the years to come.
Source: timesonline.co.uk
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