The entertainment magazine publisher C-Media is completing acquisition of online news aggregation service Newsland.ru from founder Mark Fedin. The deal was first announced by C-Media last November.
Founded in 2006, C-Media publishes both own magazine titles iVAN and “Папарацци” (Paparazzi) and licensed titles EMPIRE and CAR as well as web-sites i-Worker.ru, Paparazzi.ru and Hi-Fi.ru. The latter was acquired by C-Media in September 2009.
C-Media is part of media holding that includes retail chain of multimedia stores Nastroenie, music record company Style Records, movie production company NewOne Production, and others.
Launched in late 2005, Newsland has over 2 million monthly unique visitors. The site aggregates news from Russian online media.
Newsland founder Mark Fedin recently launched a new social network, Gidepark (Гайдпарк).