Putin Is Ready To Let NTV Go Into Turner's Hands

Published: 24 January 2001 y., Wednesday
"At a meeting with the President we pointed out this issue and the President stated that if Turner wants to invest into NTV television it would be quite good deal,'' Interfax news agency cited Gryzlov. At the same time the deputy said it is not correct to seek political guarantees while making a personal decision whether to invest money , referring to Turner's request for guarantees from the Kremlin. It was reported on Saturday that investors linked to U.S. magnate Ted Turner intended to invest into NTV television to keep its independence from the State.Turner and his partners are ready to invest at least $300 million into NTV television if the company will not be closed and the State will not interfere in NTV's activity. But the Kremlin is not going to give such guarantees. A Turner's attorney who negotiated with the presidential administration, got a refusal last week on the political guarantees in the NTV deal. NTV television, that is part of Media-MOST, has strongly criticized Putin and his antiterrorist campaign in Chechnya.
Šaltinis: allnews.ru
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bank DnB NORD increases its holdings in Lithuania

Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders. more »

AB Bank SNORAS will grant LTL 35 million for financing small and medium businesses

AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions. more »

Obama rejects GM, Chrysler plans

Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt. more »

Beer still recession proof?

Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA. more »

Watchmakers want better times

Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard. more »

GM CEO resigns

The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout. more »

Creativity key to a healthy economy

With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis. more »

Markets rebound on better data

Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally. more »

Five countries exceeding EU deficit limits

With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU. more »

China calls for new global currency

China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis. more »