Thursday, January 07, 2010

Lebedev to do an Abramovich

Never ignore the words of Robert Peston.

Writing on his blog he asks whether Alexander Lebedev is about to do to the newspaper industry what Roman Abramovich has done to association football?

According to Peston,

the ex-KGB billionaire may be on the brink of destroying any residual hope for newspapers at the quality end of the market that they can make a respectable financial return.

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