Categories: OLD Media Moves

Forbes Russia is sold; editor will return

Forbes Russia, whose staff had been protesting about its owner’s meddling, has been sold to a new owner and its editor in chief will return, according to an Interfax story.

Interfax reported, “The new owner of the Russian Forbes is businessman Magomed Musayev, his former chief secretary Nikolai Uskov will return to the new editorial director’s post, the editor-in-chief of the magazine Nikolai Mazurin will again be the editor-in-chief’s duties.

“‘Forbes Russia changed its owner on August 30, 2018. Businessman Magomed Musayev bought 100% of shares of AC RUS RUSSIA from Alexander Fedotov, the owner of the brand, Forbes Media LLC, extended the license for Forbes in Russia to 2023,” said in a statement, received by Interfax from the former publisher of the journal, the media group ACMG.

“The publisher of Forbes is Natalia Gandurina.”

Read more here. Forbes Media LLC approved the ownership transfer.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.