Russia: Gaidamak takes over Moskovskiye Novosti

Posted by Bertrand Pecquerie on October 10, 2005 at 12:51 PM

From the Moscow Times: "Moskovskiye Novosti, a flagship of the liberal press from the time of perestroika that is now suffering a deep editorial crisis, has an unexpected new owner. Arkady Gaidamak, a Moscow-born businessman with four passports and a controversial past - especially the arms-for-oil scandal in Angola -, confirmed to Ekho Moskvy radio late Friday that he had bought the weekly newspaper." And Gaidamak is rather close to the Kremlin palace: it means that a new newspaper is controlled by Putin's friends.

According to Moscow Times, "Moskovskiye Novosti had been owned by Ukrainian media magnate Vadim Rabinovich, who acquired it in July from Leonid Nevzlin, a core Menatep shareholder, who lives in Israel and is wanted in Russia on charges of fraud and tax evasion.

In March 2005, Moskovskiye Novosti descended into crisis after editor Yevgeny Kiselyov, a former television anchor appointed by Nevzlin, fired several prominent veteran journalists. Kiselyov left when Nevzlin sold the paper.

At the time, media industry observers speculated that Rabinovich had paid no more than $1 million for the paper, which also publishes an English edition, Moscow News...

... Since 2002, Gaidamak has lived in Moscow. In May of this year he was elected head of the Congress of Jewish Communities and Organizations, one of the three largest national Jewish organizations."

Source: Moscow Times

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