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. Last Updated: 07/27/2016

Nevzlin to Halt Moscow News' Funds

Moskovskiye Novosti co-owner Leonid Nevzlin said he was suspending his financing of the newspaper amid a public spat between its editor, Yevgeny Kiselyov, and a group of journalists that he dismissed.

"I do not need this newspaper. What kind of newspaper is it that is incurring losses?" Nevzlin said in an interview published Tuesday by Vremya Novostei.

"At this stage I have decided to suspend subsidies. For now, at least," said Nevzlin, a Yukos owner who lives in self-imposed exile in Israel.

Nevzlin, together with jailed Yukos owner Mikhail Khodorkovsky, controls GM Investment, which runs the Moskovskiye Novosti publishing house, Kiselyov spokeswoman Tatyana Blinova said. It was unclear Tuesday whether Khodorkovsky would continue funding the weekly.

Nevzlin made it clear that the newspaper's unprofitability was the main reason for his decision to withdraw financing. But he also expressed displeasure that the fired journalists, led by former deputy editor Lyudmila Telen, were publicly challenging their dismissals and said they should have contacted him privately.

Last week, MN's supervisory board recommended to Nevzlin and Khodorkovsky that Kiselyov hand over his post as editor to Telen but remain the newspaper's general director.

Blinova said MN had not received notification from Nevzlin that its financing would be suspended. She said the publishing house, which also runs the English-language Moscow News and web site, had enough money to put out the next issue of the newspaper this Friday. "I'd rather not look beyond that," she said.