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''Vedomosti'' ( rus, Ведомости, p=ˈvʲedəməsʲtʲɪ, ) is a
Russian-language Russian (russian: русский язык, russkij jazyk, link=no, ) is an East Slavic language mainly spoken in Russia. It is the native language of the Russians, and belongs to the Indo-European language family. It is one of four living Eas ...
business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...
daily newspaper published in
Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...
.


History

''Vedomosti'' was founded in 1999 as a joint venture between
Dow Jones Dow Jones is a combination of the names of business partners Charles Dow and Edward Jones. Dow Jones & Company Dow, Jones and Charles Bergstresser founded Dow Jones & Company in 1882. That company eventually became a subsidiary of News Corp, and ...
, who publishes ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'';
Pearson Pearson may refer to: Organizations Education *Lester B. Pearson College, Victoria, British Columbia, Canada *Pearson College (UK), London, owned by Pearson PLC *Lester B. Pearson High School (disambiguation) Companies *Pearson PLC, a UK-based int ...
, who previously published the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''; and Independent Media, who publishes ''
The Moscow Times ''The Moscow Times'' is an independent English-language and Russian-language online newspaper. It was in print in Russia from 1992 until 2017 and was distributed free of charge at places frequented by English-speaking tourists and expatriates s ...
''. Independent Media was acquired by Finnish media company
Sanoma Sanoma Corporation (, formerly SanomaWSOY) is Finland's largest media group. The company has media business in Finland and a learning business in Belgium, the Netherlands, Poland, Sweden, Norway and Spain, among others. The company is headquarte ...
in 2005. Leonid Bereshidsky was the first chief editor, till he entered
INSEAD business school INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San F ...
in 2002 and was replaced by Tatiana Lysova. From 2007 till 2010, Elizaveta Osetinskaja served as chief editor. In 2010 she became chief editor of the online version of the newspaper. She was replaced by former chief editor Tatiana Lysova. Sanoma sold its stake in the paper to , former chief executive of ''
Kommersant ''Kommersant'' (russian: Коммерсантъ, , ''The Businessman'' or Commerce Man, often shortened to Ъ) is a nationally distributed daily newspaper published in Russia mostly devoted to politics and business. The TNS Media and NRS Russia ...
'', in April 2015. Ahead of a new Russian media ownership law prohibiting foreign enterprises from owning more than 20% of Russian media companies, Dow Jones and Pearson also divested their stakes in 2015 to Kudryavtsev, who held the
right of first refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction ...
. According to the newspaper, Vedmosti had about twenty-thousand paid subscribers in November 2016. Ilya Bulavinov, former head of the directorate for internet broadcasting of the state First Channel, has been serving as chief editor since 2017. In March 2020, Kudryavtsev and his partners, Boris Berezovsky associate Vladimir Voronov and former
News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...
executive Martin Pompadour, announced their intention to sell ''Vedomosti'' to two buyers: publisher of Nasha Versiya Konstantin Zyatkov and managing director of Arbat Capital Alexei Golubovich. Former editor-in-chief Tatiana Lysova criticized the sale, saying that the buyers were "alien to Vedomosti’s rules and ideals." The following month, the sale was put on hold amid accusations of censorship under editor-in-chief Andrey Shmarov. Shmarov reportedly deleted articles critical of
Rosneft PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian Vertical integration, integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, Extraction of petroleum, extraction, production, refining, Petroleum t ...
's head,
Igor Sechin Igor Ivanovich Sechin (russian: И́горь Ива́нович Се́чин; born 7 September 1960) is a Russian oligarch and a government official, considered a close ally and "de facto deputy" of Vladimir Putin. Sechin has been a confidant ...
, and banned articles critical of Putin's proposed constitutional changes. According to an investigation by ''
Meduza ''Meduza'' ( rus, Медуза, t=jellyfish) is a Russian- and English-language independent news website, headquartered in Riga. It was founded in 2014 by a group of former employees of the then-independent ''Lenta.ru'' news website. Free mob ...
'', Arkan Investment, ''Vedomosti''s parent company, had taken out a loan of from Rosneft's subsidiary the
Russian Regional Development Bank The Russian Regional Development Bank is a Russian bank founded on 27 March 1996 in a form of PJSC. The RRDB offers a general variety of bank services. History The RRDB was founded by Rosneft on 27 March 1996. In early 2020, the RRDB came to at ...
(RRDB) to pay off a previous loan from the Russian state-owned bank
Gazprombank Gazprombank (russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. The bank’s principal busines ...
which was used to buy ''Vedomosti'' in 2015. The investigation also alleged that Rosneft spokesperson Mikhail Leontyev was involved in both the selection of Shmarov as editor-in-chief and in negotiating the sale of the paper. Kudryavtsev confirmed the loan, but claims the loan was not used to buy ''Vedomosti''. On 29 May 2020, ''Vedomosti'' was sold to businessman Ivan Yeremin via his holding company Sapport. On 15 June 2020, five senior editors resigned from ''Vedomosti'' in protest to Shmarov's confirmation to editor-in-chief by the paper's board of directors. Some of them established an independent ' news website. Russia designated ''VTimes'' as a "foreign agent" in May 2021, saying it was registered in the
Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
; on 3 June 2021, ''VTimes'' announced closure of its operations on 12 June, citing operational difficulties connected with the status.


Criticism

In July 2016 ''Vedomosti'' published an article about Igor Sechin, the head of Rosneft. According to the article Sechin was building a house in Barvikha on a plot worth $60 million. In November of the same year, Sechin won the case against ''Vedomosti'' and the court ordered the newspaper to remove the material from the newspaper's website and destroy all available circulation of this article.


References

{{Authority control 1999 establishments in Russia Business newspapers Mass media in Moscow Publications established in 1999 Russian-language newspapers published in Russia