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      Previously, he also owned the Red Wings airline whose license was revoked after one of its passenger jets skid off the runway onto an adjacent highway.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

The Share of Non-cash Payment in Russia Reached 50%
The Cumulative Wealth of the Richest Russians has Grown by $ 35.6 Billion
Russian Company Raises $ 15 Million from a Group of Investors
The Fitch Ratings Agency Confirmed Russias Investment Rating at BBB Level
Costs of Digital Economy

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
scandal  Strelka  Moscow  Russian Architecture  Alexander Tvardovsky  Omsk  obituary  Russian startups  Mercedes-Benz Fashion Week   Russian tourism  Musicals in Moscow  Genesis  Krasny Oktyabr  Russian business  St. Petersburg  oyster  travel to Russia  Festivals in Moscow  How to Get to the Rostov Arena Stadium  Olympic Games 2012  Russian Folk Dance  Film Festival "Movement"  drug addiction  Muzeon  Transaero  Baikal  Turkish stream  Maria Yakunchikova  Flying without fear  South Stream  Russian regions  Mercedes-Benz Fashion Week Russia  Norilsk Nickel  Events in Moscow  FIFA World Cup   Rosa Khutor  Russian translators  Russian Estates  Russian Actresses  Russian politicians  Exhibitions in Moscow  Kremlin  Ski resorts  Rituals  Russian Metro  ISS  Jewish Museum and Tolerance Center  Mordovia  Russian Cinema  Tsaritsyno 

Travel Blogs
Top Traveling Sites