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. Last Updated: 07/27/2016


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Media Tycoon Warns of Red-Brown Revival

Vladimir Gusinsky, head of a group of banking and commercial firms, is poised to become Russia's first media tycoon, building up stakes in press, radio and television in a venture planned for long-term profit. But the director of Most Group, already the biggest shareholder in the liberal newspaper Segodnya and the new independent NTV television station, fears his work may come to nothing if communists and extreme nationalists come to power. ""Now there is a very big danger of big enterprises closing and millions of dissatisfied people taking to the streets,"" he said in his luxurious office in a modern building which Most Group shares with the new Russian parliament. ""This creates a huge social base for the Reds and national patriots and this is dangerous for everyone inside, and outside, the country."" Gusinsky, whose Most Bank is one of Russia's biggest new commercial banks, blames the government and the West for Russia's current plight.

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