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: http://www.svoboda.org

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      Previously, he also owned the Red Wings airline whose license was revoked after one of its passenger jets skid off the runway onto an adjacent highway.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








Comment on our site


RSS   twitter      submit



TAGS:
Pskov  Moscow bookstores  Russian tourism  Russian Traditions  Minister of Economic Development  Maria Sharapova  Pussy Riot  Russian ballet  Russian banks  Russian oligarchs  Rostov Museums  Repressions  Russian businness  ENEA  Victor Pivovarov  Russian Cinema  Primorsky Territory  Mercedes-Benz Fashion Week Russia  Russian models  Sergei Botkin  Moscow Theatres  Russian economy  Hashtagization  St. Petersburg  Media Art  Festivals in Nizhny Novgorod  iPad  luxury cars  Exhibitions in Moscow  Russian opera singers  Mercedes-Benz Fashion Week   Chelsea FC  Old Russian House  Russian science  protest actions  Fresh Sound Festival  Charity  Alexandr Solzhenitsyn  Tower House  Samara  State Duma  Russian business  Russian Summer Soups  Sochi Paralympic Games 2014  Dagestan  Russian scientists  Andrey Zvyagintsev  Moscow  Mutation  Lipetsk Region 


Travel Blogs
Top Traveling Sites