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Kommersant holding director, Kommersant Vlast chief editor fired

Kommersant publishing house is one of the largest in Russia and fourth–fifth by turnover among the leaders of Russian mass media

MOSCOW, December 13 (Itar-Tass) — Director General of the Kommersant holding Andrei Galiyev and editor-in-chief of Kommersant VLAST magazine Maxim Kovalsky have been dismissed from their posts.

The Rossiya 24 television news channel reported on Tuesday that “this tough decision was made by the major shareholder of the publishing house, Alisher Usmanov, after the publication of the latest issue of Kommersant Vlast.”

The Kommersant publishing house was founded on the basis of the private newspaper Kommersant in 1989. In 2006 it was bought by businessman Alisher Usmanov. At present the publishing house includes the Kommersant newspaper with thematic supplements and magazines, including Vlast (Power), Dengi (Money), and Ogonek.

Kommersant publishing house is one of the largest in Russia and fourth–fifth by turnover among the leaders of Russian mass media. National daily business newspaper Kommersant - 16 pages of high quality and up-to-date information on world and Russian business, financial and economic news, politics and governmental rearrangements, the major society, culture and sport events. Precise forecasts and in-depth analysis. Kommersant is one of the most authoritative and influential Russian publication for decision-makers. Since February 2009 Kommersant newspaper is printed and distributed in the United Kingdom.