Hearst Shkulev Media buys Rugion
08 Jun 2015
Russia’s large publishing house Hearst Shkulev Media (HSM) bought a controlling stake in Rugion, an expansive network of sites across 40 of Russia’s rural regions, including classifieds platforms. The purchase is believed to be worth somewhere in the region of €20 million ($21 million U.S.).
HSM was acquired by Hearst Corporation