Sanoma sells Russian fashion titles to Hearst Shkulev Media

Sanoma,Finland’s top media house Sanoma has agreed to sell its stake in Fashion Press,  publishers of the Russian versions of  Cosmopolitan and Esquire, more than a year after putting the stake on sale as part of a strategic review.The publishing group’s new owners will be Hearst Shkulev Media The deal must now get approval from the Russian government. Vedomosti