Forbes Removed From Russia.

Steve Forbes, Editor of Forbes magazine.newly formed Hong Kong-based investor group Integrated Whale Media Investments (“IWM”) is composed of international investors.

Steve Forbes, Editor of Forbes magazine sold controlling interest to a newly formed Hong Kong based investor group called “Integrated Whale Media Investments” (“IWM”) is a composition of international investors.

German publishing house Axel Springer has left the Russian market due to the legislation limiting foreign ownership of the country’s media outlets, the company said in a statement Thursday.

Axel Springer, publisher of the magazines Forbes, OK! and GEO in Russia, said it had sold 100 percent of its assets in the country to Alexander Fedotov, owner of the Artcom Media publishing house, which prints the style glossies L’Officiel and SNC.

The value of the deal was not revealed.

“We regret that we are forced to leave the Russian market due to the entry into force of amendments to the federal law on mass media, restricting the rights of foreign citizens,” Ralph Buchi, president of Axel Springer International, said in a statement.

The amendments, signed by Russian President Vladimir Putin in October last year, limit foreign owners of Russian media to a 20 percent stake.

The law also bans foreign citizens and people with dual citizenship from being the founders of media outlets in Russia. The law comes into force on Jan. 1, 2016. After that media companies will have an extra year until Feb. 1, 2017 to comply with the new legislation.

Spy

FYI ~

US Politicians Who Hold Dual US/Israeli Citizenship!

“If Americans were ever polled on it—and they never are—the majority who now object to increasing aid to Israel would also likely object to quasi-governmental and governmental positions being staffed by people who—by citizenship or sheer strength of identity politics—are primarily occupied with advancing Israeli interests rather than those of the United States.
1. Attorney General – Michael Mukasey
2. Head of Homeland Security – Michael Chertoff
3. Chairman Pentagon’s Defense Policy Board – Richard Perle
4. Deputy Defense Secretary (Former) – Paul Wolfowitz
5. Under Secretary of Defense – Douglas Feith
6. National Security Council Advisor – Elliott Abrams
7. Vice President Dick Cheney’s Chief of Staff (Former) – “Scooter” Libby
8. White House Deputy Chief of Staff – Joshua Bolten
9. Under Secretary of State for Political Affairs – Marc Grossman
10. Director of Policy Planning at the State Department – Richard Haass
11. U.S. Trade Representative (Cabinet-level Position) – Robert Zoellick
12. Pentagon’s Defense Policy Board – James Schlesinger
13. UN Representative (Former) – John Bolton
14. Under Secretary for Arms Control – David Wurmser
15. Pentagon’s Defense Policy Board – Eliot Cohen
16. Senior Advisor to the President – Steve Goldsmith
17. Principal Deputy Assistant Secretary – Christopher Gersten
18. Assistant Secretary of State – Lincoln Bloomfield
19. Deputy Assistant to the President – Jay Lefkowitz
20. White House Political Director – Ken Melman
21. National Security Study Group – Edward Luttwak
22. Pentagon’s Defense Policy Board – Kenneth Adelman
23. Defense Intelligence Agency Analyst (Former) – Lawrence (Larry) Franklin
24. National Security Council Advisor – Robert Satloff
25. President Export-Import Bank U.S. – Mel Sembler
26. Deputy Assistant Secretary, Administration for Children and Families – Christopher Gersten
27. Assistant Secretary of Housing and Urban Development for Public Affairs – Mark Weinberger
28. White House Speechwriter – David Frum
29. White House Spokesman (Former) – Ari Fleischer
30. Pentagon’s Defense Policy Board – Henry Kissinger
31. Deputy Secretary of Commerce – Samuel Bodman
32. Under Secretary of State for Management – Bonnie Cohen
33. Director of Foreign Service Institute – Ruth Davis
34. Federal Reserve Chair – Janet Yellen
35. Federal Reserve Vice-Chair – Stanley Fischer
Current (and past) Members of Senate:
Representative Gary Ackerman (New York)
Representative John H. Adler (New Jersey)
Representative Shelley Berkley (Nevada)
Representative Howard Berman (California)
Representative Steve Cohen (Tennessee)
Representative Susan Davis (California)
Representative Eliot Engel (New York)
Representative Bob Filner (California)
Representative Barney Frank (Former) (Massachusetts)
Representative Gabrielle Giffords (Arizona)
Representative Jane Harman (California)
Representative Paul Hodes (New Hampshire)
Representative Steve Israel (New York)
Representative Steve Kagen (Wisconsin)
Representative Ronald Klein (Florida)
Representative Sander Levin (Michigan)
Representative Nita Lowey (New York)
Representative Jerry Nadler (New York)
Representative Jared Polis (Colorado)
Representative Steve Rothman (New Jersey)
Representative Jan Schakowsky (Illinois)
Representative Adam Schiff (California)
Representative Arlen Specter (Pennsylvania)
Representative Allyson Schwartz (Pennsylvania)
Representative Brad Sherman (California)
Representative Debbie Wasserman Schultz (Florida)
Representative Henry Waxman (California)
Representative Anthony Weiner (New York)
Representative John Yarmuth (Kentucky)
House of Representatives:
Representative Gary Ackerman (New York)
Representative John H. Adler (New Jersey)
Representative Shelley Berkley (Nevada)
Representative Howard Berman (California)
Representative Steve Cohen (Tennessee)
Representative Susan Davis (California)
Representative Eliot Engel (New York)
Representative Bob Filner (California)
Representative Barney Frank (Massachusetts)
Representative Gabrielle Giffords (Arizona)
Representative Alan Grayson (Florida)
Representative Jane Harman (California)
Representative Paul Hodes (New Hampshire)
Representative Steve Israel (New York)
Representative Steve Kagen (Wisconsin)
Representative Ronald Klein (Florida)
Representative Sander Levin (Michigan)
Representative Nita Lowey (New York)
Representative Jerry Nadler (New York)
Representative Jared Polis (Colorado)
Representative Steve Rothman (New Jersey)
Representative Jan Schakowsky (Illinois)
Representative Adam Schiff (California)
Representative Allyson Schwartz (Pennsylvania)
Representative Brad Sherman (California)
Representative Debbie Wasserman Schultz (Florida)
Representative Henry Waxman (California)
Representative Anthony Weiner (New York)
Representative John Yarmuth (Kentucky)

The ban affects several television companies and most of the publishing houses in Russia. The approaching deadline is forcing foreign media companies to change their ownership structure in order to continue doing business in the country or quit the Russian market.

Buchi said that the restrictions were unacceptable for the publisher of Forbes, the influential business magazine, according to the statement.

The statement also said that in the coming weeks the chief executive of Axel Springer Russia, Regina von Flemming, would buy a 20 percent stake in Artcom Media.

The negotiations are at a final stage, according to the statement. From January 2016, she will become adviser to the new general director of Axel Springer Russia.

Fedotov said in the statement the purchase of Axel Springer would strengthen the position of Artcom Media in the business publications sector.

Earlier this month, Swiss publisher Edipresse, which in Russia issued the magazines Mother and Baby, Landscape Design, and Atelier, announced that it would cease its activity in Russia. The decision was also triggered by the media ownership legislation, the company said.

The Moscow Times

Media

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