The wacky world of newspaper ownership
Ordinarily, the news that a Russian billionaire is buying one of Britain’s best-known newspapers, the Evening Standard, would be cause for surprise, and maybe even concern.
But Alexander Lebedev is no ordinary Russian billionaire.
True, he is ex-KGB, as almost any successful Russian seems to need to be nowadays.
But Lebedev also owns Novaya Gazeta – the newspaper that Anna Politkovskaya was reporting for before her assassination in 2006.
Lebedev’s fought back against a suffocating regime in Russia – he should have no problem dealing with City Hall and Westminster.
His bigger challenge will be trying to make money out of the Standard, whose finances apparently resemble a leaky bucket.