Here it's happening in reverse.....with the same outcome...I hope.....
the demise of the Socialist Democrat Party!!
Not sure what you mean, but no. Itar-Tass is still around. Komsomolskaya Pravda folded --- first when Yeltsin shut it down, and then again when Putin shut down a reincarnated version, but that was for political reasons, not lack of revenue (fwiw, a new version appears to be in circulation at www.kp.ru). And Izvestia remains one of the leading national newspapers.