Sanoma sells Russian fashion titles to Hearst Shkulev Media

18/12/2014

Cosmopolitan RussiaSanoma,Finland’s top media house Sanoma has agreed to sell its stake in Fashion Press, publishers of the Russian versions of Cosmopolitan and Esquire, more than a year after putting the stake on sale as part of a strategic review.The publishing group’s new owners will be Hearst Shkulev Media The deal must now get approval from the Russian government. Vedomosti