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When Alexander Lebedev, the new Russian owner of Britain's Independent newspaper, visited the offices of the rival Guardian last year, he was asked why he wanted to buy a struggling paper. The Independent sells only around 100,000 copies in the U.K. on a typical weekday, trailing London's four other quality dailies - the Daily Telegraph, Rupert Murdoch's Times of London, the Financial Times and the Guardian - and consistently loses about $15 million a year. Lebedev, whose first experience in London was as a KGB agent in the 1980s, offered a characteristically enigmatic response: "Well, either...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

...Following on the heels of his purchase of London's Evening Standard last year, the announcement of the Independent deal Thursday, March 25, confirms that Lebedev is indeed building a budding media empire in London. But at this stage, his plans are still something of a mystery to rivals and commentators alike. The Independent's position is so weak that carrying on with its existing strategy - offering an internationalist, liberal alternative to the right-leaning Telegraph and the more centrist Times of London - would be commercial suicide. The already small readership of the Independent is declining faster than that...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

...information industry long tied to the government, political parties and industrialists. To pay for his production, Santoro put the word out through Facebook and other social media sites, recruiting 50,000 people who paid €2.50 ($3.33) apiece. Corporate sponsors provided the Internet and satellite feeds. "The last time Santoro was off the air he was basically unplugged," says Bernhard Warner, director of Custom Communications, a London-based social media consultancy. "Now what his supporters are able to do using social media is start a movement and get his voice...

Author: /time Magazine | Title: New Media Shaking Up Italy's Media Landscape | 3/27/2010 | See Source »

...last time Michele Santoro was forced off the airwaves, the Italian television presenter had to fight for four years before he was able to broadcast again. This time, thanks to the Internet, it's taken him less than a month...

Author: /time Magazine | Title: New Media Shaking Up Italy's Media Landscape | 3/27/2010 | See Source »

...religious Shi'ite parties began to splinter, Allawi's political fortunes began to turn around. It helped, too, that his successors as Prime Minister - Ibrahim al-Jaafari and al-Maliki - were unable to deliver clean and efficient government. Allawi's party made a strong showing in last year's provincial elections, and that allowed him to unite a strong coalition of secular and Sunni parties under the Iraqi banner...

Author: /time Magazine | Title: After Win, Will Former U.S. Front Man Rule in Iraq? | 3/26/2010 | See Source »

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