Homerussia ukraine newsLeaving Russia media holding Amedia will hand over the printing house to...

Leaving Russia media holding Amedia will hand over the printing house to the editor-in-chief of Novaya Gazeta – The Moscow Times

Norwegian media holding Amedia, which owns six printing houses Prime Print in Russia announced its withdrawal from Russia. The company will transfer four of the six printing houses to the editor-in-chief of Novaya Gazeta, Dmitry Muratov.

Prior to the suspension of publication, Novaya Gazeta was printed in these printing houses. Muratov “will exercise all shareholder rights as he sees fit and will have full control over day-to-day operations,” Amedia said in a statement.

Amedia has written down the book value of its printing business of NOK 38 million (nearly $4.5 million) to zero, with proceeds from a possible future sale of the printers going to support independent media operations in Russia. The fate of two more printing houses will be decided later – Amedia controlled them together with minority shareholders and is now looking for a joint solution with them in order to completely leave Russia.

Novaya Gazeta suspended work on March 28 after receiving a second written warning from Roskomnadzor. The editorial staff clarified that the newspaper would cease to be published “until the end of the special operation on the territory of Ukraine.”

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