'The Art Newspaper' Sold to Russian Entrepreneur

  • October 04, 2014 13:29

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Inna Bazhenova
Described as a "mathematician, engineer and collector," Inna Bazhenova, who lives in Moscow and in the UK, has acquired The Art Newspaper. The new owner is said to have a plan to expand the publication's online presence.

Publisher of The Art Newspaper Russia edition since 2012, Bazhenova approached The Art Newspaper founder Umberto Allemandi, and its founder editor, now CEO, Anna Somers Cocks, with an offer.

Allemandi agreed, saying, “After 50 years in the business, I need to think of the future. I require four things: total independence from outside interference; intelligent choice of news; scrupulous attention to the facts, and indifference to economic advantage. I want my 50 years to have a legacy, so I have chosen Inna. I pass the baton to her because she and her husband Dmitry are young, they are honest and have convinced me that they share my ideals.”

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