• September 25.2008

Russia: Business daily Business & FM relaunches following closure in July

Posted by Alisa Zykova on September 16, 2008 at 9:33 AM
BFM.gifObiedinenaya Media will re-launch Russian business-oriented paper Business & FM this fall. Danil Kupsin, the firm's director, said that the title, which was shut down in July, will be published weekly in b2b (business-to-business) format and will be geared towards readers who are interested in both Russian and global financial markets, reports gipp.ru.  


Business & FM will have a circulation of 20,000 copies and would be distributed on a subscription-only basis.

This is the paper's second re-launch, according to gipp.ru. In 2006, Obiedinenaya Media bought Business from publishing house Sekret Firmi for US$ 5-6 million and re-launched as a daily it in March 2007 under the new name Business & FM. Its daily circulation was nearly 40,000, up until its closure in July this year.

According to the paper's site, it was closed down due to the holding company's decision to optimize its expenditure.

Source: gipp.ru, b-online.ru
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