Remember when the Russian newspaper Izvestia was the semi-official voice of communist leaders in the Kremlin?
Well Izvestia is still around. Among other things, the newspaper now reports on the glories of capitalism, including the Russian auto industry. And Izvestia is trying to sell its stories to publications in the West.
So what's the big news in Russia?
According to Izvestia, car dealers report a growing demand for imported automobiles from Nissan, Hyundai, Toyota and Ford, which all doubled their sales in Russia in the first half of the year.
And for human interest, Izvestia reported that Nikolay Smolensky bought TVR, the low-volume British sports carmaker.
It was big news because Nikolay is the son of one-time Russian tycoon Alexander Smolensky, whose financial empire collapsed in ruin six years ago, leaving creditors holding billions of dollars in unpaid debts. Meanwhile, Izvestia says the son has a fortune worth $100 million.
There's nothing like a little scandal to sell newspapers, even in Russia.