The Moscow Times is set to release its final
print edition on Thursday, July 6 with a special souvenir issue.
Dutch businessman Derk Sauer
announced in June that The Moscow Times brand would be moved to a
charitable foundation in partnership with the publication’s
current owner, Demyan Kudryavtsev.
Writing on Twitter, Sauer said
that the move would “secure” the publication’s future.
decision sees the publication move to a web-only format, with the
majority of staff losing their jobs.
“Throughout its existence, The Moscow
Times has remained dedicated to independent reporting and excellence in
journalism,” said outgoing editor Mikhail Fishman. “It has played a unique role in covering Russian affairs and politics from the inside. I hope it will continue to stick to these principles throughout the future.”