Russia/Growing Media profits

OpenDemocracy: Russia through the looking-glass

"The trend toward economic independence of the media has accelerated dramatically under Putin. Before he came to office, just 10% of local television stations were financially self-sufficient; that has risen to more than a third. This has occurred alongside annual growth rates in newspaper, journal and book production that exceed 10%. There is more privately-financed media in Russia under Putin than there has ever been in Russian history, both in absolute numbers and as a percentage of the whole. Over the past two years, media profits have grown by more than $2 billion."