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Publisher Shuts Russian Newsweek (Dinosaur Media DeathWatch™)
The Wall Street Journal | October 18, 2010 | GREGORY L. WHITE And ALEXANDER KOLYANDR

Posted on 10/18/2010 2:20:58 PM PDT by abb

Edited on 10/18/2010 3:07:57 PM PDT by Admin Moderator. [history]

Russian Newsweek, one of the last remaining independent national news publications in the country, published its final issue Monday as its owner said it would no longer support the money-losing title.

Axel Springer AG, the German media conglomerate that has published Newsweek in Russia under license since 2004, said the decision to shut it down was "economic." People close to the situation said efforts to find a buyer for the magazine—which was racking up losses of more than €1 million ($1.4 million) a year—were unsuccessful, though at least one wealthy Russian investor had expressed initial interest.



TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; circulation; dbm; magazines
Progress...
1 posted on 10/18/2010 2:21:04 PM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

ping


2 posted on 10/18/2010 2:22:10 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Not even sold for a ruble?


3 posted on 10/18/2010 2:24:22 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: abb

It’s not the same crypto-communist rag it is in the U.S. Springer licenses the name, and then does what he wants.


4 posted on 10/18/2010 2:27:06 PM PDT by Revolting cat! (Let us prey!)
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To: abb

http://online.wsj.com/article/SB10001424052702304410504575560162560565360.html
Daily Beast Drops Out of Talks With Newsweek

http://www.guardian.co.uk/media/2010/oct/17/newspaper-abcs-websites-internet-news
We thought the internet was killing print. But it isn’t

http://www.poynter.org/column.asp?id=45&aid=192794
NPR announces ‘Impact of Government’ journalism initiative


5 posted on 10/18/2010 2:29:25 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Alger Hiss, wherever he is smoking so to speak, is deeply saddened.


6 posted on 10/18/2010 2:31:02 PM PDT by SanFranDan
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To: abb

7 posted on 10/18/2010 2:39:57 PM PDT by SpaceBar
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