The Russian diversified media holding Prof-Media is likely to see a change of ownership by next April. Local reports indicate Vladimir Potanin will become the sole owner of Pro-Media following an asset split with his business partner Mikhail Prokhorov, with 10% of shares being allocated to the holding’s managers. The deal will be worth in the region of $1.8 billion (€1.2 billion). Prof-Media is at present wholly owned by the major Russian private investment company Interros, of which Vladimir Potanin is the president. Prof-Media’s broadcast interests include TV3 and the music channels MTV Russia and VH1 Russia, which it acquired last summer.
