Business News

Axel Springer Russia and Forbes extend cooperation agreement

Wednesday 26. November 2008 - Axel Springer Russia will continue to publish the Russian edition of the business magazine Forbes until at least 2020. The wholly-owned subsidiary of Axel Springer AG and Forbes Inc. have agreed upon an extension of their successful cooperation.

Furthermore, both partners reached an agreement on the launch of line extensions and additional online activities. Axel Springer Russia has published the Russian edition of the successful business magazine since 2004 and reaches more than 714.000 readers every month with an average circulation of 120.000 copies.

Ralph Büchi, President of Axel Springer International: “We are very pleased that Axel Springer Russia will continue to remain the publisher of the most important Russian business title and that we will continue our successful cooperation with Forbes in the long-term. Forbes Magazine is not only one of the most important business magazines worldwide, but it also fits excellently with our internationalization strategy.”