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Kommersant Merges Gazeta.ru Into SUP, Owner of LiveJournal

Files under: News, Web 2.0
Posted by: Quintura @ 09:47 [23. 06. 08]

The publishing house Kommersant agreed to merge its Internet newspaper Gazeta.ru into SUP, the owner of LiveJournal, reported both Gazeta.ru and business daily Kommersant. As a result of non-cash deal, Kommersant will obtain just under 50% stake in SUP and nominate two directors to SUP‘s Board.

According to TNS Web Index, the daily audience of Gazeta.ru was more than 110 thousand in Moscow in May 2008 and SUP‘s own web properties LiveJournal.com, LiveJournal.ru, and sports site Championat.ru together had more than 600 thousand monthly users.

While SUP‘s web properties have audience much larger than Gazeta.ru, SUP‘s revenues were estimated at $6 million in 2007 vs. Gazeta.ru‘s $5 million. Gazeta.ru is expected to generate revenues of $10 million in 2008 and net profit of $2 million.

Kommersant owned Gazeta.ru as a result of the acquisition of the Secret Firmy publishing house in December 2006. SUP acquired the LiveJournal blogging business for an estimated $30 million from SixApart in December 2007.

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2 Responses to «Kommersant Merges Gazeta.ru Into SUP, Owner of LiveJournal»

  1. 1 Quintura blog » Blog Archive » LiveJournal Co-Owner Buys Euroset For $1.25 Billion Quintura @ 09:47 [23. 06. 08]

    [...] investment company ANN of Alexander Mamut, who owns a significant stake in LiveJournal-owner SUP, agreed to acquire the largest mobile phone retailer in Russia, Euroset, reported business daily [...]

  2. 2 Quintura blog » Blog Archive » Mail.ru Valued At $2 Billion Quintura @ 09:47 [23. 06. 08]

    [...] billion. DST sold a 35% stake in itself to Alisher Usmanov, founder of Metalloinvest and owner of Kommersant publishing house to finance the deal, the daily said. The online newspaper Gazeta.ru, which’s [...]

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