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

Billionaire Lebedev Rumoured to Sell Off The Independent
17.01.2014 21:59
Billionaire Lebedev Rumoured to Sell Off The Independent
Photo Credit:

Russian billionaire Alexander Lebedev is in negotiations to sell The Independent which he bought in 2010 for one pound.

      According to The Guardian, the reason for the sale is the fact the media mogul has not been able to make the title a profitable venture.

      Lebedev also owns The Evening Standard and London Live, a TV station that has not been launched yet.

      He also has a stake in Novaya Gazeta, one of Russia’s most vocal opposition papers.

      Apparently, the decision to sell The Independent comes in the wake of increasing financial pressure, says the online news outlet.

      In the past year, he sold what remained of his stake in Aeroflot, Russia’s leading airline.

      What used to be a blocking interest several years ago shrunk to 12.5 percent in 2012 and further down to 4.5 percent in 2013, worth some 2.5 billion roubles, or some $85 million.

      Lebedev did not disclose the price of the deal but mentioned that it totaled several billion.

      Previously, he also owned the Red Wings airline whose license was revoked after one of its passenger jets skid off the runway onto an adjacent highway.

      His bank has been under pressure from the law enforcement agencies and the Central Bank.

      Last year, Lebedev was sentenced to 150 hours of communal work on charges of battery after his punched another billionaire, Sergey Polonsky, in a live televised show.


Author: Mikhail Vesely

Tags: Alexander Lebedev Russian billionaires Novaya Gazeta   

Next Previous

You might also find interesting:

Freedom Buys American Broker
Due to the Cold Winter, Demand for Felt Boots and Woolen Scarves has Grown in Russia
Vladimir Lisin became the Richest Russian according to Forbes
Tinkov Lost Control of TCS Group after the Conversion of Voting Shares
Gazprom and Roskosmos to Expand Cooperation on Satellite Systems

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Million City   Fine Arts  How to Get to St. Petersburg Stadium  Moscow  Russian tourism  Russian business  Tatyana Navka  Musa Jalil  Myriapods  Icarus Animation Award  Exhibitions in Moscow  Ryazan Region  Russian regions  odd news  Russia international  Tourism Barents Summit  Tula  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Gelendzhik  Open-Air Concerts  Marina Neyolova   Russian Poetry  Exhibitions in Saint Petersburg  Russian Arts and Crafts  Tver  Moscow monuments  Great Lent  travel to Russia  Timofey Kulyabin  Nature Reserves  Chernaya Rechka  Futurama  St. Petersburg  VDNKh  Russian transport  banks  Russian companies  Nalchik  Russian Cinema  Film Distribution  Russian sportsmen  Moscow Tourist Attractions  long-distance trains   Arsenyev  Russian customs  All-Russia Science Festival  Novgorod Region  Alexey Navalny  Zhanna Nemtsova 

Travel Blogs
Top Traveling Sites