Russia: Business daily Business & FM relaunches following closure in July
Posted by Alisa Zykova on September 16, 2008 at 9:33 AM
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
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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