Russian business newspaper planned

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Moscow -- The Wall Street Journal, Financial Times and Independent Media, a Russian publishing company in which Dutch publisher VNU has a 35% interest, plan to begin publishing a business newspaper in August in Russia. The paper will have a staff of 20 Russian reporters and editors. It will also draw content from Financial Times and The Wall Street Journal translated into Russian. The newspaper will be owned one-third each by Dow Jones & Co., publisher of The Wall Street Journal; Pearson plc, publisher of Financial Times; and Independent Media, publisher of The Moscow Times and the Russian editions of such leading titles as Cosmopolitan, Good Housekeeping and Men's Health magazines.
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