Russia's Television In Disgrace

Published: 1 October 2001 y., Monday
Meanwhile fears for political control over Russia's media are back again in Moscow as an arbitration court ordered on Thursday the liquidation of TV-6 - the channel which has become home to journalists who fled its main commercial rival after NTV's takeover by Russia's gas giant Gazprom in April. The suit was brought by Russia's oil corporation Lukoil, which owns 15% of TV-6 shares through its subsidiary - the Lukoil-Grant pension fund. Lukoil claimed that TV-6 is an unprofitable company. TV-6's net assets have been negative over the last two years. The fact contradicts the act "On joint-stock companies". TV-6 representatives say the situation changed after NTV journalists had come to the station. TV-6's rating has grown sharply and its balance is positive now. According to TV-6 press secretary Tatiana Blinova, the clause used by the court on Thursday has been applied only once in the court history when Media-MOST holding was liquidated this summer. She called this clause "archaic". TV-6 directors board member Igor Shabdurasulov told journalists that he considered the Thursday's court decision nonsense. When all TV-6's finance figure are up now it is absurdly demanding its liquidation, he said. TV-6 was founded by Russian self-exiled tycoon Boris Berezovsky, a one-time Kremlin insider, but who has fallen out with President Vladimir Putin. Berezovsky owns more than 75% of TV-6 shares.
Šaltinis: allnews.ru
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Cutting red tape on VAT

Business to get a break under streamlined EU VAT rules. more »

Thales names propulsion sub-contractor for Lithuanian minehunter reactivation programme

Thales UK`s naval business has yesterday signed a major sub-contract with Finning (UK) Ltd for the supply of propulsion engines and machinery for its new Lithuanian warship reactivation programme. more »

A €116 billion question: making sense of the 2009 EU budget

The EU Budget 2009 provides more money for growth, the environment, jobs, research and food aid for developing countries. more »

Davos 2009: Gloom after boom

On day one of the World Economic Forum in Davos, the mood of this traditionally bullish event -- pure gloom. more »

Turnover of retail trade enterprises

In December 2008 against December 2007 the turnover of retail trade enterprises decreased by 8.8 per cent. more »

Wincor Nixdorf signs ATM service deal for 4,000 ATMs in Mexico

Mexican financial institution Banco Santander has awarded Wincor Nixdorf AG a contract to service all 4,000 of its ATMs installed in Mexico. more »

Wincor Nixdorf says ATM innovation, automation and outsourcing will be way of future

Wincor Nixdorf AG spent much of its time at this year's Wincor World demonstrating how Wincor Nixdorf can support financial institutions and retailers through innovation. more »

Betting on better times

South Korea may be feeling the chill wind of recession but the country's lucrative gambling industry is cashing in. more »

Microsoft Reports Second-Quarter Results

Modest revenue growth despite difficult economy; announces cost management initiatives. more »

Migrant workers hit by credit crunch

Tens of thousands of export firms on China's seaboard have closed due to falling demand in major European and North American markets. more »