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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 »

...this has aroused Lebedev's reformist zeal. More than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

Russia's problem, Lebedev thinks, is not Putin but the bureaucracy, which is sprawling and antidemocratic, and stymies reform. "As far as Putin is concerned, I'm not blaming it on him. I think he doesn't see it. These TV channels pocket billions of dollars in exchange for flattering Putin." Lebedev has hopes for Medvedev. He was impressed with the President's decision to meet with Novaya Gazetta editor-in-chief Dmitry Muratov and Gorbachev earlier this year, following the killing of yet another Novaya Gazetta reporter. "Medvedev ... said he's a full supporter of the Gulag Memorial project...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...Lebedev the reformer he sees himself as, or does he play another role? "There's a belief - and this existed in Soviet times - that allowing a pressure valve of dissent and allowing certain voices out there is important for legitimacy," says Robert Amsterdam, a Canadian attorney in London who has represented Khodorkovsky and frequently blogs about Russia. "In a strange way, and whether or not Lebedev is part of this, he may well be seen as a demonstration of the regime's legitimacy." As long as he doesn't "cross any of these invisible lines, Lebedev may actually shield...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...Lebedev understands that he has multiple uses - that he alternately angers, inspires, amuses and mystifies the Kremlin, fellow oligarchs, democratic activists and Western allies alike. Yet this much seems indisputable: simply by calling for a more open Russia and denouncing the myopia and ignorance of "the power," Lebedev is helping to make room for a new kind of politics. This is the overwhelming sense you get when speaking with him: that possibilities are opening, that things are happening that you are only vaguely aware of. You sense - you hope - that these things will somehow deliver Russia from its current doldrums...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

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