Financial Times FT.com

The print media: Plunge in advertising decimates newspapers

By Miriam Elder

Published: April 14 2009 15:59 | Last updated: April 14 2009 15:59

As newspapers around the US and Europe, hard hit by the internet, put the finishing touches to their own obituaries, a different fate has struck those in Russia.

Across the board, they are suffering. Medialogia, a research group that tracks the press, says that 86 newspapers and 52 magazines have closed since September, when the financial crisis struck, hard on the heels of the war in Georgia and messy shareholder disputes that sapped investors’ desire to do business in the country.

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