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News

The owner of the Russian Forbes Fedotov has announced the planned negotiations on purchase of Conde Nast in the Russian Federation

"I plan to resume negotiations on purchase of Conde Nast Russia, it is interesting to me as a complementary asset to ACMG media holding, at reasonable price of course. I think, in September" — he has told RNS through the representative.

Fedotov at the time of writing of material hasn't answered
RNS call. The source familiar with Fedotov claims that negotiations were conducted in the winter, the Vogue magazine entering into publishing house was mainly interesting to the businessman.

In publishing house was said that his assets aren't on sale.

"Information isn't true, the Russian business of Conde Nast isn't on sale" — the PR-director of Conde Nast Russia of Evgeny Beldyugin has reported to RNS.

works with
of Conde Nast in Russia since 1998, issues the magazines Vogue, GQ, Glamour, AD, Tatler.

In September, 2015 Alexander Fedotov has redeemed the Russian business of the German publishing house Axel Springer. Besides Forbes, under control of the businessman have passed the projects Geo, Ok!, Gala, etc. Soon after purchase Fedotov has said that the magazine should be made less politized.

Today the source familiar with plans of the businessman Grigory Berezkin has reported
to RNS that that plans to resume negotiations on purchase of the Forbes magazine in September. Other source in the media market has confirmed to RNS that Fedotov receives offers to sell Forbes, but isn't adjusted to sell an asset yet. Berezkin has told RNS that he "is ready to buy at reasonable price".

Source: Wordnews.us