30784
Selling Stakes in Russian Media
World Economy

Selling Stakes in Russian Media

Dow Jones and Pearson announced they were planning to sell their shares in Russia’s “Vedomosti” daily to local businessman Damian Kudryavtsev, DW reported.  A third foreign stakeholder, Finnish media company Sanoma, had agreed as early as April to sell its shares, meaning that by the end of this year “Vedomosti” looks set to be put completely under Russian control. Some experts worry this may make it more vulnerable to Kremlin pressure and influence. Legislation passed last year caps foreign media ownership, forcing the daily to bring total foreign stakes to under 20% before February 2016.

Short URL : http://goo.gl/mylKLr
  1. http://goo.gl/p13Pmo
  • http://goo.gl/FNmLLM
  • http://goo.gl/4p9P4j
  • http://goo.gl/QhXKiB
  • http://goo.gl/YdKrF9

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...

Trending

Googleplus