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:

Xiaomi is Planning to Launch its Own Contactless Payment Service in Russia
Russian Online Retail Market is Growing
Yandex.Drive Became One of the Largest Car Sharing Services in the World
The Russian SOK Co-working Network will Expand Abroad
Russian Designers will Sell Jewelry via Tmall

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
South Stream  Yekaterina Maximova  Russian Cinema  Moscow planetarium  Russian circus  Archaeology  Yandex  Russian regions  Resorts  Domodedovo  Russian business  Ukraine  Must See Places  Exhibitions in Samara  Exhibition Fairs  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Red Arrow  Festivals in Saint Petersburg  Russian academy of sciences  Smolensk  Bitcoin  Kaliningrad  Russian Kremlins  Abkhazia  St. Petersburg  travel to Russia  cloning  Radiology  Altai  Best European Cruise Destination  Exhibitions in Moscow  Year of Germany  Moscow  Soyuz Spacecraft  Russian Animation  Science  Ancient Temples  Fake Paintings  Gastronomic map  Pussy Riot  Russian tourism  Russian churches  Russian newspapers  Verkhoturye  recruitement in Russia  Tyumen Oblast  Tyumen  Ski resorts  Moscow Movie Theaters 

Travel Blogs
Top Traveling Sites