Vladimir Yakovlev, the founder of Kommersant, is back in mass media.
Photo: Natalya Kharitonov
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Kommersant Founder Back in Media
Vladimir Yakovlev, the founder of Kommersant Publishing House, will return to the mass media business after he agreed to head a company which would be producing television shows. AFK Sistema, the company’s owner, is to invest $50 million in the project in the new two years to gain a foothold on the market.
After being appointed director general at Stream Kontenta, Vladimir Yakovlev has also become the company’s shareholder. Mr. Yakovlev on Thursday would not name the size of his stake. Vladimir Yakolev is reputed to have been invited to head the firm personally by Vladimir Evtushenkov, owner of AFK Sistema, the company which owns Stream Kontenta.
Vladimir Yakovlev is a professional journalist who worked in Russia’s leading newspapers before founding the first private news agency in the Soviet Union in 1987. His company published the first issue of Kommersant Weekly in 1990 which later became part of Kommersant Publishing House. In July 1999, Mr. Yakovlev sold out.
Stream Kontenta was set up at the end of 2006 to produce TV channels and programs for the Stream TV cable network which is also belongs to Sistema.
Stream Kontenta and its new director general will be producing and promoting TV shows, series and channels, primarily entertainment ones. to be launched before the end of this year. The budget for the next two years is over $50 million, Mikhail Dunaev, director general of Sistema’s mass media subsidiary, said.
www.kommersant.com
All the Article in Russian as of Mar. 09, 2007
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