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Lithuanian printed media worships Sarkozy

Oct 01, 2009
By Rokas M. Tracevskis

THAT WAS THE CRISIS: In January, 1991, Soviet army tanks and soldiers attacked and occupied Vilnius' Press Palace where almost all Lithuanian newspapers and magazines had their editorial offices. The Kremlin eventually failed. However, now, Bronislovas Lubys, president of the Lithuanian Confederation of Industrialists, and Ramunas Terleckas, deputy editor-in-chief of the business newspaper Verslo Zinios, say that some companies of Russian-origin capital, taking opportunity of the crisis, are trying to buy shares in some printed media and it can have an influence on media's editorial policy.
VILNIUS - A combination of the emergence of competition from free dailies distributed in the trolleybuses and shopping malls, and the growth of the Internet, as well as diminishing advertising revenues has brought troubles for Lithuanian printed media. As if it was not enough, in the fall of last year, the new Lithuanian center-right government decided that publishing newspapers, magazines and books is the same business as all other businesses and should pay the same value added tax, i.e. 19 per ...

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