The owner of the Kyiv Post, a Ukrainian English-language newspaper, Mohammad Zahoor, wants to sell the newspaper for $2.4 million as it is not profitable, the Kommersant Ukraine wrote on Thursday.
"I am a businessman, not a politician. This business [the Kyiv Post] brings me no political dividends, but only a monthly loss of $80,000. We are still subsidizing the Kyiv Post, but it cannot last forever," Zahoor told the newspaper.
According to him, he is ready to sell the newspaper for $2.4 million, the businessmen derived this figure basing on the price he paid for the Kyiv Post in 2009, and the funds he has invested into its development since.
Via
Interfax-Ukraine, why did he purchase KP in 2009 if it was a money loser?
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