Rambler to Look for New CEO
Rambler Media, which operates one of the leading Russian online portals Rambler.ru, is reportedly looking for new CEO. That would mean that Mark Opzoomer, that was appointed CEO of Rambler in March 2007, is not going to extend his contract with the company in March 2009. Rambler Media’s market capitalization has dropped to about $47 million from over $400 million in March 2007 when Mark was appointed.
Firefox to Use Yandex in Russia
It’s yet another win for Yandex in its battle with Google for a leadership in the Russian internet market. Mozilla will use Yandex as default search engine in the Russian version of its Firefox web browser starting from Firefox 3.1 RU builds, has announced Harvey Anderson, VP and General Counsel of Mozilla Corporation on his blog. This will mean that, upon download and launch, the Firefox start page for Russian users will have Yandex for search queries, and the search bar will default to Yandex. Firefox has about 20 percent share of Internet browsers in Russia and Yandex is Russia’s leading search engine with 54 percent share of searches.
Prof-Media to Sell B2B Media
Prof-Media, a leading Russian media group, has reportedly sold its business and trade media publication company B2B Media to an undisclosed investment fund. According to business newspaper Kommersant, the deal could be valued at $12 million. B2B Media publishes CFO Russia, Financial Director, Ad Industry (together with AdWeek), and other trade magazines as well as operates popular online sites for middle managers AdMarket.ru and E-xecutive.ru, on which Quintura powers visual-based site search.