Wednesday, January 21, 2009

Here's an odd one

An ex-KGB agent who is now a Russian tycoon is going to buy the Evening Standard of London.

http://www.nytimes.com/2009/01/22/business/media/22london.html?ref=media

It's an odd story, more than anything else. European newspapers have not found themselves in as dire straights as U.S. papers as of yet, so the deal may make some economic sense but one wonders if foreign buyers will be tempted to snap up some of the U.S. papers that are available.

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