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Vedomosti Business of the News of Media





For 2017 assets "Business of the News of Media" are among:

  • Vedomosti newspaper,
  • division on the organization of conferences and
  • Harvard Business Review.

Performance Indicators

According to GMTs of Rosstat, indicators of activity of Business News Media Ltd (since 2015 the joint-stock company) the following:


  • 2008: 1,386,564 thousand rubles.
  • 2009: 830,104 thousand rubles.
  • 2010: 872,948 thousand rubles.
  • 2011: 1,006,207 thousand rubles.
  • 2012: 1,098,374 thousand rubles.
  • 2013: 1,075,373 thousand rubles. Nearly a quarter of income were provided by Internet advertizing and a payment for access to the electronic version of the newspaper, follows from the presentation of Citibank for potential buyers.
  • 2014: 955,183 thousand rub
  • 2015: 749,058 thousand rub
  • 2016: 783,400 thousand rub
  • 2017: 865,200 thousand rub
  • 2018: 848.600 thousand rub

Net profit (loss):

  • 2008: 24,926 thousand
  • 2009:-85,309 thousand
  • 2010:-60,369 thousand
  • 2011:-26,571 thousand
  • 2012:-4,232 thousand
  • 2013:-34,150 thousand
  • 2014:-203,273 thousand
  • 2015:-289,435 thousand
  • 2016: 58,000 thousand
  • 2017:-62,300 thousand. Revenue from advertizing in the paper version of Vedomosti is more, than revenue from advertizing on the website, spoke in 2017 in Inc interview. the board member of Vedomosti Demyan Kudryavtsev (the owner of the publishing JSC Business news media is JSC Arkan investment, which only shareholder — Demyan Kudryavtsev's wife Yana Moselle-Kudryavtseva). He also noted that for 2.5 years for which he is engaged in management of the newspaper the company goes "with permanent reduction of a loss" and by the end of 2017 is going to get a profit.

"But whether there will be it or will not occur, or I will offer it for the sake of investments into development, into preserving of the fact that it is necessary for me, I cannot tell now. Besides, it is solved not by me, it solves Board of Directors together with management" — Kudryavtsev[1] emphasized[1].

He also noted that he believes what Vedomosti — a product with a multikanalnost on income (advertizing, a subscription, conferences and so on), and in the near future these channels should become more.

  • 2018:-58,400 thousand


2019: Discussion of sale of the newspaper with the owner of Arbat Capital Alexey Golubovich

In April, 2019 it became known that Demyan Kudryavtsev discusses sale of Vedomosti to the founder of Arbat Capital Alexey Golubovich. Four interlocutors, including two acquaintances of mister Kudryavtsev told the Kommersant newspaper about it. One of them says that the parties conduct consultations several months, but did not agree about the price yet. Another heard that the transaction was almost approved still a month ago. Two interlocutors believe that Arbat Capital can act as the tool for attraction of third-party investments or to be an intermediary if other person will act as the real buyer.

"I always consider everything the offers on investments and purchase of different shares in my assets arriving to me, never hid it including about Vedomosti, but I will not comment on specific negotiations. No agreements are reached" — Demyan Kudryavtsev[2] told Kommersant[2].

Alexey Golubovich refused to comment on a question whether he considers the possibility to act as the investor of Vedomosti or to take part in search of investments for the edition:

"I buy and I sell businesses 30 years and never heard that before completion of the transaction someone about it told something".

He also noted that he is engaged in information projects and fundraising in IT now, but not in Russia where developed publishing business till 1993, and now is not so confident in perspectives of the newspaper market.

Interlocutors of Kommersant find it difficult to estimate the cost of Vedomosti, explaining that precedential transactions in this area were not long ago. One of sources of Kommersant says that the seller will receive for Vedomosti as much how many he paid in 2015 for all newspaper taking into account its debt to shareholders which was purchased with discount, and a part of magazines of Sanoma, i.e. €15 million, at the same time will save journal business.

The ex-CEO of Kommersant Publishing House Pavel Filenkov considers that the cost of Vedomosti remained "approximately at the level of last purchase": The newspaper costs not so much as business how many as a resource. For those years that Demyan Kudryavtsev owns Vedomosti, printed media became more expensive not".

From the point of view of the CEO of Komsomolskaya Pravda Vladimir Sungorkin, the cost of media assets now "in general is unclear":

"If in old times we understood something at assessment, then now — as will agree. If the speech about Vedomosti, then the transaction is politized and not absolutely market, there only such factors as revenue and profit will hardly work".


Kudryavtsev's family becomes 100% the owner of the newspaper. At the request of Sechin?

At the end of November, 2015 it became known that Pearson and Dow Jones agreed about sale of the shares in the business newspaper Vedomosti to Demyan Kudryavtsev's family, follows from the joint message of both companies. Terms of transaction of the party did not open, promised to close it until the end of the year.

Later in 2019 Telegram channels was written that Demyan Kudryavtsev bought Vedomosti not on the money. The transaction was financed by the owner of the Sibantratsit group Dmitry Bosov - the good acquaintance of Igor Sechin. In the market, allegedly, there was an opinion that at the request of Sechin Bosov also financed purchase of Vedomosti. Having redeemed a debt of Vedomosti in 27 million euros, Bosov-Kudryavtsev, allegedly, renewed it on one of structures of Rosneft.

"We are very proud that we managed to work with Vedomosti and 15 years to make a contribution to development of the independent press in Russia", – quotes the message of representatives of Pearson and Dow Jones.

They are forced to sell shares because of the become effective law limiting a share of foreign investors in the Russian media with a level in 20%.

Kudryavtsev will pay for an asset, proceeding from "standard market coefficient of cost", Financial Times (FT) with reference to the people familiar with agreement details writes. The newspaper is estimated more than at 10 million euros taking into account a debt, told Vedomosti of people, close to participants of the transaction.

According to RBC, the transaction was issued mainly as purchase of debt obligations "Business of a news of media" before the leaving shareholders. These obligations from them will be redeemed by the board member of the company, the former top manager of News Corp. Martin Pompadur. And "Business of a news of media" will be calculated with it on debts, RBC specifies. Kudryavtsev does not comment on it, it was not succeeded to contact Pompadur.

Now, according to Kudryavtsev, cooperation of Vedomosti with FT and WSJ will continue in other form:

"We signed the new usage agreement of materials of these editions with the corresponding use of their brands".

According to the person close to negotiators, at sale of shares of Pearson and Dow Jones set to the buyer some restrictive conditions. Kudryavtsev will not be able to sell Vedomosti to the individuals or the companies falling under a number of the criteria described by Pearson and Dow Jones. What criteria are, the interlocutor of Vedomosti did not specify. Also new shareholder will not be able to make amendments to the charter of the Vedomosti newspaper without approval of edition. Besides, Kudryavtsev will not be able to sell the newspaper during certain time, FT with reference to the people familiar with the course of negotiations notes.

Ownership change will not affect in any way editorial policy as it is determined by the Chief Editor – by the law and by the charter of the editorial office, the Chief Editor of Vedomosti Tatyana Lysova says. Before completion of the transaction, according to her, the charter of the editorial office will be changed accurately to differentiate the rights and powers of edition and the founder. And subsequent changes of the charter will be possible only from approval of most of salaried employees of edition.

Gleb Prozorov replaces Mikhail Dubik on the CEO's post

In November, 2015 Vedomosti was left by Mikhail Dubik, the CEO "Business of the News of Media" and the publisher of the newspaper from the moment of its foundation in 1999. Now on the newspaper website as the publisher Gleb Prozorov is specified. Mister Dubik himself submitted the withdrawal letter, the interlocutor of Kommersant says, without specifying, than it is motivated.

Kudryavtsev redeems Sanoma share for $6.4 million

In April, 2015 it became known that the former CEO of Kommersant Publishing House Demyan Kudryavtsev redeemed 33% of shares of Vedomosti from the Finnish Sanoma. About it was told two sources close to participants of the transaction.

According to one of them, transaction amount was about $6.4 million, and necessary means were paid by Kudryavtsev and private investors attracted with it. Earlier among Kudryavtsev's partners Vladimir Voronov and American Martin Pompadur[3] were mentioned[3]. Also it was reported that the company in which all three partners have equal participation will become the buyer.

Many representatives of the Russian business community refused to participate in acquisition of Vedomosti earlier.

Within the transaction Kudryavtsev can also receive control over a number of assets of Business News Media Ltd, including the The Moscow Times newspaper, and the magazines Men's Health, National Geographic which are issued United Press. According to other source, the transaction on purchase of the magazines "United Press" are already closed and the new owner should renew licenses for their edition.

After acquisition of 33% of stocks of Vedomosti Kudryavtsev will join board "Business of the News of Media". However the remained two thirds of the business edition still belong to the British FT Group and the publisher of The Wall Street Journal — the American Dow Jones.

According to one of sources, Kudryavtsev already conducts with the western media groups negotiations on possible purchase of their part of actions as in 2016 all of them will be equally forced to sell or to significantly reduce the share of ownership.

Then in Russia become effective the amendments to the federal law "About Media" prohibiting to foreigners to own 20% and more actions of the founder of any Russian media.

"The total cost of Vedomosti is about $12-15 million. Considering that Kudryavtsev already gave $6.4 million, it at least should pay to the western owners as much again" — told a source.

However, if new arrangements are established, proceeding from the price of the last transaction, then the share of FT Group and The Wall Street Journal will rise in price to $12.8 million.

He also noted that the total cost of the business publication can be significantly lower stated as this asset, in fact, is unprofitable.

"The Russian media industry in crisis endures serious fall of advertizing revenues, and Vedomosti also appeared among victims. As a result for a project output to the new quality level additional resources can be required" — believes a source[3].

However at the same time he notes that Kudryavtsev is an excellent candidate for implementation of reorganization of the edition which was in stagnation because of uncertainty of the destiny recently.

Among possible buyers of the Russian assets the founder of Independent Media publishing house and the CEO of the Russian holding RBC Derk Sauer, media holding Hearst Shkulev Media and the ex-owner of the Ukrainian media holding UMH group Boris Lozhkin appeared.

WSJ and FT Group refuse to redeem Sanoma share

Vedomosti is issued since 1999 by Business of a News of Media company, and it for February, 2015 through the Cyprian Delovoi Standard Ltd. in equal shares Dow Jones & Co, FT Group and Sanoma own.

In February, 2015 it became known that two co-owners of the Vedomosti newspaper — the American Dow Jones & Co (the owner of The Wall Street Journal) and FT Group (the owner of Financial Times) — notified the third partner, the Finnish media holding Sanoma that will not begin to enjoy a preference of the redemption of its share in the company issuing Vedomosti. Two persons familiar with negotiators told Vedomosti about it.

Sanoma wants to sell the share in Vedomosti to the company representing the interests of Demyan Kudryavtsev, Vladimir Voronov and American Martie Pompadur, two persons close to the seller told Vedomosti. According to them, already notified two other co-owners of the edition on such offer of Sanoma. One of interlocutors of Vedomosti specified that the buyer is ready to pay 6 million euros for a third of Vedomosti. According to the shareholders' agreement that from co-owners who conceived to sell a share in Vedomosti, are obliged to notify other partners on the potential transaction and partners have a first-priority repurchase right of these actions at the same price. WSJ and FT did not begin to have this right. Do not intend to sell the shares in Vedomosti of WSJ and FT so far too, knows one of sources of Vedomosti communicating with co-owners of the newspaper.

Three familiar Kudryavtsev confirmed that he together with partners submitted the purchasing request of Vedomosti to Citibank. The buyer (if the transaction takes place) will become the company in which all three partners have equal participation, one of interlocutors of Vedomosti specifies. Representatives of Sanoma and Citibank and also Kudryavtsev never commented on it, also they arrived and yesterday.

Kudryavtsev is the former journalist, in 2006 Boris Berezovsky, the owner of that time of Kommersant Publishing House, appointed him the CEO of publishing house where Kudryavtsev worked till 2012 then he founded the communication agency "Communication Is Clear". Also he advises the media companies according to transactions and strategy, heads of several large media companies told Vedomosti.

Kudryavtsev, the Pompadour and Voronov know each other since 1996 when in Russia News Corp of Rupert Murdoch began to be interested in media assets, the acquaintance says them. This corporation owns Dow Jones and, respectively, controls a third of Vedomosti. The pompadour worked in News Corp in 1998-2010 at first as the vice president of holding and the president of division in Eastern and Central Europe, and then as the chairman of the board of directors of News Corp Europe. Voronov was the president of News Media, division of News Corp, he and the Pompadour actively were engaged in purchase and sale of media assets for Murdoch in Russia and the CIS countries. In 1999 Berezovsky and Murdoch created joint company "LogoVAZ — News Corp". Murdoch discussed with the Russian oligarch purchase of TV-6, and later — purchase of a packet of Channel One. But these transactions did not develop. In 2007 Berezovsky sold to Murdoch the TV channels in Latvia.

The pompadour after leaving News Corp became the board member of many media companies. In Russia it is the main investor of Montana Coffee company, the president and CEO Alexander Malchik told it. "Montana coffee" — the large producer of fried coffee of a segment a premium, the director of Roschaykofe association Ramaz Chanturia says; what market share this company occupies, he does not specify.

Ravens works in the field of private investments in recent years, the acquaintance says it, but does not disclose any details. Now Kudryavtsev, has the Pompadour and Voronov no joint business, he assures.


Audience of one number of 181.4 million people, the website - 200 thousand a day

The average audience of one issue of Vedomosti, according to TNS Russia, in March-July, 2015 made 181.4 thousand people.

By estimates of TNS the average audience of the website in May, 2014 made 200 thousand people a day.

DDoS attack

On January 30, 2014 on the website of the Vedomosti newspaper DDoS attack, traffic volumes in which reached 1.2 Gbit/sec., was made. Its peak fell on midnight from 28 for January 29 when on the website addresses from the botnet consisting of six thousand bots, mainly with the Russian IP addresses began to arrive.

Then the nature of the attack on the website of Vedomosti changed: DNS servers of the edition were attacked as a result of which they stopped working. So all appeals to domain name of ceased to reach the Web server. DNS servers are responsible for redirection of requests on domain names for servers to the IP addresses. Domain names were thought up for convenience of people, machines communicate to the digital IP addresses.

Thanks to Qrator technologies, specialists of Vedomosti managed to neutralize the attack and to provide availability of the website. Specialists of Qrator redirected traffic on the network of filtering and also provided to publishing house the DNS servers. Unfortunately, updating of records about DNS servers in network takes several hours, at this time the website could be unavailable to some users.

In the same night with 28 for January 29 DDoS attack fell also upon online edition, and a little earlier – upon and the website of Dozhd TV channel. The situation managed to be taken under control in all cases also thanks to network of traffic filtering

Alexander Lyamin, the CEO of Qrator, comments: "An attack on the website of Vedomosti is definitely made by forces of professionals and can be referred to category of complexity above an average. Other attacks belong to the average level on the volume of the traffic generated by malefactors. False requests to the websites in all cases arrived mainly from the Russian IP addresses".

Bloomberg reports that Vedomosti will be sold to "the Putin's friends"

On October 16, 2014 it became known that the businessmen close to the President of Russia Vladimir Putin are going to purchase the Vedomosti newspaper, Bloomberg with reference to three informed sources reports.

The day before the head of state signed the law on restriction of participation of the foreign capital in the Russian media.

It can be used in order that shares of the American News Corp. (the publisher of The Wall Street Journal), the British FT Group (the publisher of The Financial Times) and the Finnish Sanoma in Vedomosti purchased or the Gazprom Media holding which is directed by Mikhail Lesin, or the companies related to Yury Kovalchuk note sources.

The corresponding plan was supported by the Russian President Administration, interlocutors of Bloomberg claim. According to them in order that the transaction with businessmen loyal to Putin became more "politically attractive", the intermediary can be used.

"The Kremlin considers the foreign governments shareholders of Vedomosti. It equates The Wall Street Journal to USA, and The Financial Times – to Great Britain, – said the Chief Editor of Vedomosti Tatyana Lysova.

The Russian President's Press Secretary Dmitry Peskov told Bloomberg that the fate of Vedomosti will be defined by "market process".

"We do not know what will happen to Vedomosti who will purchase them", – the representative of the Kremlin noted.

2013: Sanoma tries to sell the Hearst edition, but the transaction is blocked

In the fall of 2013 Sanoma made the decision on leaving from the Russian market and sale of the Russian division of Sanoma Independent Media (SIM). Collected requests from potential buyers of Citibank. At first the holding expected to sell all assets of SIM to one buyer, but could not make it.

In November, 2013 it became known that the founder of Sanoma Independent Media Derk Sauyer is ready to become the owner of this publishing house again: he conducts negotiations on purchase with the Finnish Sanoma. First of all he is interested in the Vedomosti newspaper.

For November, 2013 "Business of the News of Media" belongs to Cyprus company of Delovoi Standart which on parity bases is owned by the Russian Sanoma Independent Media, the British Pearson - the publisher of Financial Times, and the American News Corporation of Rupert Murdoch publishing The Wall Street Journal. Operationally the company is included into Sanoma Independent Media holding.

Gleb Prozorov's interview, managing director of the Vedomosti newspaper (May, 2013)

In December, 2013 Sanoma agreed about sale of 100% of stocks of the Russian division of Sanoma Independent Media (SIM) issuing the Vedomosti newspaper, the Cosmopolitan magazine and other media. The American Hearst Corporation which for 50% possesses Hearst Shkulev Media publishing house acted as the buyer. In May, 2014 it became known that the transaction did not take place and was frozen.


Comparison by the size of audience of the website with competitors

Image:Деловые сайты России аудитория 2012.PNG

If since December, 2010th in April 2011 the daily Russian audience of the newspaper totaled 116.5 thousand people, then during the same period of 2012 the audience decreased by 1%, having made 99.6 thousand readers.

Onexim tries to purchase "Business of the News of Media"

On December 11, 2012 it became known that the ONEXIM investment fund belonging to Mikhail Prokhorov made the proposal on exchange of assets to Sanoma Independent Media publishing house. According to with reference to own sources the Kommersant newspaper, Prokhorov wants to receive the share in the Business of the News of Media company issuing Vedomosti belonging to Sanoma. In exchange controlled ONEKSIMOM the RBC holding is ready to leave Salon-Press publishing house.

"Business of the News of Media" belongs to Cyprus company of Delovoi Standart which on parity bases is owned by the Russian Sanoma Independent Media, the British Pearson - the publisher of Financial Times, and News Corporation of Rupert Murdoch publishing The Wall Street Journal. At this Pearson, according to Kommersant acts as the rival ONEKSIMA as it is ready to consider the possibility of consolidation[4] in the hands of all assets of Vedomosti[4].

The source close to "Salon Press" confirmed to Kommersant that RBC was issued recently by the mandate for sale of this publishing house. According to the CEO of RBC Sergey Lavrukhin, two companies, but Sanoma apply for purchase "Salon Press" among them is not present.

According to the reporting of RBC, the provided Kommersant, revenue of Salon-Press publishing house which specializes in the edition of magazines of interior subject in 2011 was reduced by 3.9 percent and made 547 million rubles, and profit decreased by 20.4 percent and was 74 million rubles. Revenue "Business of the News of Media", according to the System of the professional analysis of the markets and the companies (SPARK), the same year made 1.006 billion rubles, and net loss of the company - 26.5 million.

At the same time, as notes Kommersant, in three quarters 2012 advertizing revenues of both qualitative daily federal newspapers, and interior editions - grew by 12 and 10 percent respectively. Both segments grew much quicker than total market of federal editions which gain for the same period made only one percent. Meanwhile volumes of the advertizing sold in Vedomosti without applications for the first ten months 2012 grew in comparison with the same period of 2011 by 2.28 percent in bands and 3.42 percent in terms of money.

Advertizing revenues and online subscriptions

  • Volumes of the advertizing sold in Vedomosti without applications for the first ten months 2012 grew in comparison with the same period of 2011 by 2.28 percent in bands and 3.42 percent in terms of money.

  • For January — March, 2012, according to TNS Russia, sales of advertizing of the Vedomosti newspaper reached about 10 million dollars. When calculating the budget of TNS Russia used official quotations of publishing houses without discounts and taxes, but taking into account the allowance for positioning and chromaticity.

  • At Vedomosti the share of "digital" income – from a subscription and advertizing – grew to 22% whereas at the American shareholder of the newspaper, FT Group, a "digital" part of income reached 50%, and the number of online subscribers of Financial Times already exceeded number of "paper".


TNS sharply lowers assessment of the size of audience of the edition

  • TNS began to fix sharp falling of audience of issue of Vedomosti in Moscow with spring of 2011 - almost twice (from 116 thousand people to present 63 thousand). At the same time the semi-annual reader's audience of the newspaper steadily decreases from the middle of 2010 - from 914.7 thousand people for March-July, 2010 to 707.8 thousand people in May-October, 2011.

  • According to data of TNS Gallup for May-October, 2011, the number of readers in Moscow of the Vedomosti newspaper counting on one number decreased by 37% in comparison with a previous period and for 34% in relation to the level of 2010[5].

For this period each issue of Vedomosti in the Russian capital was read to 63 thousand people. At the same time the average reader's audience of each number of two of her main competitors, by calculations of TNS, made 76 thousand people at RBC daily and 98.8 thousand people at Kommersant. Unlike Vedomosti, both record growth of this indicator.

The president of Sanoma Independent Media Elena Myasnikova said to RBC daily that the publishing house is surprised with results of a research. "We do not know what falling of audience can be connected with, and took an interest in it at TNS. We wait for the answer", - she commented on data on reduction of audience of Vedomosti. TNS could not explain the results received by them. There noted that will monitor the situation, having promised to provide the conclusions according to the results of the following wave of a research.

The vice president of Guild of publishers of periodicals Vasily Gatov considers that falling of audience of Vedomosti fits into the general trend of falling of audiences of the international media. "It occurs because a part of audience of a number of editions passes from paper to other carriers. So, at Vedomosti very most part of audience are users of the iPad tablet computers. Technologies for accounting of this audience it is not thought up yet therefore digits can not correspond several to reality", - V. Gatov says.

However in this case Kommersant which not only supports the website with toll-free number of the paper newspaper should have similar dynamics of escape of readers also, but also the second year develops iOS applications and Android. Data and on Internet audience did not change. In October (the last complete month of measurements in the fourth wave of Gallup) on weekdays the website of Vedomosti was visited on average by 173.4 thousand users (hereinafter data of TNS), at Kommersant - 140.4 thousand, at RBC daily - 192.7 thousand. Counters of Runet did not record surge in attendance of the website of Vedomosti on tens of thousands of users.

It is possible that TNS Gallup could lower assessment of audience of Vedomosti (on selection and geography) after scandal with discrepancy declared at customs and actual circulations of glossy magazines, including, products IDES Sanoma Independent Media. In February the National drawing commission on a request of Mercury company checked actual circulations, having revealed overestimate at glossy editions including at Cosmopolitan Beauty published by it for 25%.

Loss at the end of year 26.5 million rub

Revenue "Business of the News of Media", according to the System of the professional analysis of the markets and the companies (SPARK), in 2011 made 1.006 billion rubles, and net loss of the company - 26.5 million.

2005: Sanoma becomes the co-owner of the newspaper

In 2005 the Finnish Sanoma became the co-owner of Vedomosti.

1999: Start of the edition of the Vedomosti newspaper

Vedomosti is issued since 1999.

Online subscription

2011: Complete issue of the newspaper only on a subscription

Since July, 2011 the edition began to render a number of new paid services: an opportunity to read online complete issue of the newspaper, to get access to materials of fresh number using mobile applications for iPad, iPhone, smartphones and tablets based on Android.

At the same time especially for subscribers new content products — the daily digest of announcements of the best publications from Financial Times and The Wall Street Journal (editions − founders of Vedomosti), tapes of infographics and white papers were developed.

2012: Free no more than 30 articles a month

Since July 15, 2012 Vedomosti limits free access to the publications about 30 articles in a month will be available to one reader. Further this limit will change.

At the same time subscribers of will be able to read unlimited number of publications and also for them free access to contents of fresh issue of the newspaper and all paid services of Vedomosti remains.

The edition consistently implements the strategy of introduction of paid services for readers. Access to archive publications for all the time of issue of Vedomosti became the first of them.

For June, 2012 the share of online subscribers of Vedomosti makes 30% of the total number of subscribers. Online revenue share − 21% in total sales[6].

The similar model of monetization (paywall) is applied by the business publications The Wall Street Journal and Financial Times. A share of online subscribers at Financial Times − 50%.

2016: The number of online subscribers was equal to number of paper - 20 thousand

In April, 2016 the Vedomosti newspaper for the first time sounded a share of income which is brought to the edition by paid access on the website. The newspaper presentation at the RIF conference was placed in the Facebook by the employee of RBC Vladimir Motorin. According to the presentation, the Internet version of the newspaper brings it 26% of revenue, from them 74% are an advertizing and 25% - a paid subscription. 64% of total income are generated by the paper version (90% - advertizing, 10% - a subscription).

Revenue of Business News Media Ltd issuing Vedomosti (the business newspaper is the only company asset) for 2014, according to, made 955.183 million rubles, net loss — 203.273 million rubles. In February, 2016 at one of industry forums the managing director of Ekaterina Derbilova said that paid subscriptions for the electronic version of Vedomosti exceeded 20 thousand, having been equal to number of subscriptions for the paper version. According to her, the subscription for generates 30% of total sales of the digital-direction of the newspaper.

As specified in the course of discussion of the presentation the Chief Editor of Vedomosti Tatyana Lysova, introduction of paywall was in insignificant means, and the losses connected with decrease in loyalty of audience are offset by income from a paid subscription.

At this time Vedomosti the only large newspaper in Russia which decided on experiments with paid access to the website. In April, 2016 CEOs of Kommersant Publishing House Maria Komarova said that the edition is going to enter paid access to a part of materials.

Organization of events

In the edition the division of Vedomosti.conference works. Among the held events:

  • Telecom - the international forum of telecom operators (for 2015)

See Also