News Corp., Pearson Face Russia Decision Under Putin Media Laws
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News Corp. and Pearson Plc, the publishers that control Russia’s Vedomosti newspaper, must decide in the months ahead whether to adhere to new rules under President Vladimir Putin that restrict their ownership or exit the country.
Some of their peers have decided. Finnish media company Sanoma Oyj said Thursday it sold its stake in Vedomosti. On Wednesday, Time Warner Inc.’s CNN International went back on air in Russia free of advertising -- four months after it pulled the plug in protest.