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Russian publishing house fails to find purchaser for its Ukrainian newspaper

February 06, 2014, 19:47 UTC+3 MOSCOW
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© ITAR-TASS/Alexander Mudrats

MOSCOW, February 06. /ITAR-TASS/. Kommersant publishing house will not be selling its Ukrainian subsidiary newspaper in the short term, as it has not found a purchaser, Pavel Filenkov, CEO of the publishing house said.

Earlier reports spoke of a possible sale of the Ukrainian newspaper because of its unprofitability.

“We’d like to sell the project or a share in it if we had a purchaser but we don’t have it at present and are not holding talks [on the purchase] with anyone,” Filenkov said. “The probability of selling it any time soon is practically zero.”

“We said earlier we’re interested in getting a local investor but we don’t have a partner of this kind who would keep the editorial policies intact now and we are not holding talks with anyone on the issue,” he said.

Top executives of the publishing house considered an opportunity of selling the Kommersant Ukraina project to a local partner for $ 10 million to $ 20 million. The main demand to potential partners was non-interference in the editorial policies of the publication.

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