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Gazprom Acquired Popular Russian Newspaper

Russian natural gas giant Gazprom announced Friday that it has purchased a controlling stake

Gazprom Acquired Popular Russian Newspaper

Russian natural gas giant Gazprom announced Friday that it has purchased a controlling stake (50.19 percent of shares) of the national newspaper Izvestia.

Gazprom-Media acquired the stake from the Prof-Media publishing house, Russian news agencies reported.

Gazprom already owns a very popular NTV channel and radio station Ekho Moskvy.

Prof-Media general director Rafael Akopov said the deal is in line with the company's development strategy, which "is moving toward the segment of less political and more entertaining media," according to Interfax.

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