Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 02/19/2012

07/11/1997

Paid access archive

Izvestia Editor Concedes Defeat

Igor Golembiovsky, the beleaguered editor of the influential Izvestia daily, admitted Thursday that he has lost his months-long struggle for control of the paper. Appearing tired and disappointed, Golembiovsky, 61, said at a press-conference that he would not take part in elections for a new chief editor on terms imposed by LUKOIL and Uneximbank, two investors who have taken control of the Izvestia board away from the paper's journalists. ""It is pointless,"" the outgoing editor said sadly. ""They openly say that no matter how the vote will go, I will not be appointed anyhow."" He is also sure that none of his key supporters will be picked by the board. Despite assurance made during the takeover battle that journalists would retain editorial control, last week the new board controlled by LUKOIL and Uneximbank decided that electing an editor was largely the board's prerogative. The election is due July 18.


Most Read
 

Dear readers!

We are currently in the process of developing our website and would like your feedback to help us make improvements.

Click on this message to take our survey it will take you only three minutes to fill out!

Don't show this message again.