Russia Newsweek Shuttered

The Russian-language edition of Newsweek was closed in October after losing money ever since its 2004 start “The reasons are purely economic,” editor Mikhail Fishman said. But the U.S. edition of Newsweek wrote, “But business in Russia is always at the mercy of politics, and the magazine’s intense scrutiny of the wealthy and powerful regularly drew the Kremlin’s ire.

Back in April the Young Guard – a hard-line group mentored by the Kremlin – posted a video purportedly showing Fishman snorting cocaine in the company of a scantily clad woman.”