Gas Giant Gets Big Part of Media Empire
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From Times Wire Reports
Russia’s state-dominated natural gas monopoly said it has taken possession of the largest unrestricted voting stake in NTV, once the only nationwide independent television network. A spokeswoman for gas giant Gazprom’s media arm said the firm now owns 46% of NTV shares plus a 19% nonvoting stake as collateral to cover debts. The announcement finalizes a deal announced last month stripping control of NTV from its founder, exiled media magnate Vladimir A. Gusinsky, after bitter wrangling that Gusinsky described as a Kremlin crackdown on critics.
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