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13 July 2012

State media faces funding cuts

Russian state-owned media outlets are to face budget cuts, as the government is to slash nearly 4 billion rubles from their planned funding this year.

The issue has been discussed at the governmental anti-crisis commission’s sessions, Gazeta.ru reported on Thursday, and the decision to reduce expenditures on the media has been endorsed at the governmental commission for budget planning, a source told the news website.

The information has been also confirmed by Prime Minister Dmitry Medvedev’s press-secretary. “Budget requests are being approved at the moment. The general cuts for all state-owned media have been set at 5 percent,” Natalia Timakova was quoted as saying.

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