Sunday, September 25, 2011

#Russia #Hackgate: Rupert Murdoch sells Russia's News Outdoor

Those who have blogs on phone hacking may have noticed the high interest on their stats from Russia...I certainly have , so I googled Murdoch Russia and this popped up !

This online supplement is produced and published by Rossiyskaya Gazeta (Russia), which takes sole responsibility for the content.

The embattled media mogul Rupert Murdoch has sold his Russian advertising company News Outdoor to the state-owned investment bank VTB Capital.
News Outdoor is a big player in the billboard business. The massive ads that dominate Moscow streets each cost between $400 (£245) and $4,000 a month.
The former Moscow mayor Yury Luzhkov, who was ousted last year, was criticised for his inability to control the explosion of billboards, and efforts to limit their numbers have only been partly successful.
Announcing the deal, VTB Capital said that the new management would “interact with authorities to implement programmes aimed at improving the appearance of cities”.