Lebedev in Fleet St. deal --- Russian billionaire to take major stake in Evening Standard

Russian billionaire Alexander Lebedev agreed to bail out a prominent British newspaper in a deal that illustrates how struggling publishers are turning to unusual alliances and once-rare cooperation agreements to survive.

Mr. Lebedev, a former KBG agent, agreed after nine months of negotiations to pay a nominal sum to Britain's Daily Mail & General Trust PLC for 75.1% of the unprofitable Evening Standard.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump