Yandex tops Russian advertising charts

Yandex tops Russian advertising charts: Russian internet giant Yandex became the country’s largest revenue generating media organisation last year while the state-owned Channel One suffered a net loss for the first time in more than a decade. Revenues from online advertising rose by 27% to RUB72bn last year, while in contrast the saturated television advertising market only grew by $9bn to RUB 156bn. The Moscow Times