Kommersant Swallowed Whole
Another domino falls. Another symbol, if not the representative of Russian independent media, has been scooped up by a Kremlin ally. The business daily, Kommsersant was sold this week for $300 million to Alisher Usmanov. Usmanov is the owner of Owner of Oskol Steel Mill, the Ural Steel industrial complex, the Lebedinsky Iron Ore Mining and Processing Facility, and Mikhailovsky GOK (he and his partner Vasiliy Anisimov acquired the latter in the beginner of 2005. Ranked the 25th richest man in Russia and the 278th in the world by Forbes with a net worth of $2.6 billion, the 52 year old oligarch of metals and mining is now moving some of his investment into media. “This is my personal deal, my personal investments,” Usmanov told Kommersant. “The media business has always interested me and I decided to try to do it.” He then stated ..read more
