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December 15, 2011

Prokhorov announces plans to buy major media group, pardon Khodorkovsky; is not likely to gain much support

Atlantic Yards Report

Despite doubts about his candidacy, Russian presidential candidate Mikhail Prokhorov is saying the right things, announcing plans to pardon jailed tycoon Mikhail Khodorkovsky, whose conviction is seen as Kremlin-directed.

Meanwhile, Is Prokhorov learning from Silvio Berlusconi and Mike Bloomberg, not to mention Mort Zuckerman and Rupert Murdoch? Apparently. The AP reports:

The billionaire owner of the New Jersey Nets running for the Russian presidency against Vladimir Putin is expected to make a formal offer to buy a leading media holding Wednesday, his representative said.

[Mikhail] Prokhorov will be making a formal offer to buy the Kommersant publishing house from Alisher Usmanov, Prokhorov’s spokeswoman Olga Stukalova told The Associated Press. Usmanov, however, was quoted by the Interfax news agency as saying he doesn’t have any plans to sell it.

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NoLandGrab: It might be easier to start his own "newspaper" instead.

Posted by eric at December 15, 2011 11:30 AM