Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian-owned The London Evening Standard claimed its first profit
17.10.2012 19:09
Russian-owned The London Evening Standard claimed its first profit

The British newspaper The London Evening Standard, which belongs to the Russian businessman Alexander Lebedev, has brought its first profit to its owner.  

 Andrew Mullins, managing director of the Standard, has pre-empted owner Independent Print's accounts for 2012 to confirm the free London paper made just over £1m in profit in the year to 30 September 2012.

So Alexander Lebedev has achieved his aim to turn the newspaper into profitable assets within three years.  Alexander Lebedev purchased The London Evening Standard in 2009 for £ 8.3 million. In 2009 the annual loss of the newspaper amounted £ 30 million. The businessman reorganized the company and made the newspaper free. By October 2010 the losses were cut up to £16.9 million, and by September 2011 The London Evening Standard lost about £7 million.


Author: Irina Fomina

Tags: Russian business Alexander Lebedev    

Next Previous

You might also find interesting:

Standard & Poors Changes Forecast On Russian Rating
Ulf Schneider: Russia is a Promising Country
Sollers Industrial Group Will Resume the Assembly Of Ssang Yong Cars In Russia
The Average Car's Price Increased By 16 Percent
X5 Retail Group Will Accept MIR Cards

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russia-Japan  Multimedia Art Museum  Russian history  Hermitage Museum  Russian oil companies  Russian circus  Theatres  Russian tourism  Ukraine crisis  Archeology  Exhibitions in Moscow  Russian Cinema  Alexander Solzhenitsyn Award  Russian Emigration  Zadonsk  Painting  textile  Gold Bee Design Biennale  Russian science  Dagestan  Alexey Navalny  Spacecrafts  Russian social networks  Chechnya  Design  Classical Music  Statesmen  Art Exhibitions  Magnitsky Act  St. Petersburg Monuments  Stalingrad  Russian Composers  gas extraction  Anton Chekhov  Boris Babochkin  Ivan Turgenev Museum  Winzavod  Mercedes-Benz Fashion Week Russia  Georgy Taratorkin  Russian business  Irregular Cinema  Khibiny  Moscow  fashion weeks  Pancake Week  Year of Literature in Russia  Kropotkin  Ilya Mashkov  Russian sportsmen  Russian Literature 

Travel Blogs
Top Traveling Sites