Axel Springer joins long media march from Russia

axel_springer_logoAxel Springer, Europe’s biggest news publisher by circulation, has become the latest media group to pull out of Russia after the country passed a law limiting foreign ownership of its media.The German group sold its Russian activities, including the country’s Forbes and OK! magazines, to local publisher Alexander Fedotov for an undisclosed sum.

For the full story read The FT

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