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U.S. Magazine Forbes Disowns Armenian 'Affiliate'

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  • U.S. Magazine Forbes Disowns Armenian 'Affiliate'

    U.S. MAGAZINE DISOWNS ARMENIAN 'AFFILIATE'
    By Astghik Bedevian

    Radio Liberty, Czech Rep.
    Jan 9 2007

    A new magazine which claims to be the Armenian version of "Forbes"
    has no connection with the renowned U.S. business publication and is
    using its name illegally, a copyright lawyer said on Tuesday.

    Eduard Nahapetian said he was hired by the "Forbes" management
    to help to stop the publication of "Forbes Armenia." "They have
    no license or any other authorization to use the name 'Forbes,'"
    he told RFE/RL. "'Forbes' has asked us to help to stop this abuse."

    Nahapetian claimed that the publisher of "Forbes Armenia," an obscure
    Yerevan-based company called Litsa, has admitted to the copyright
    violation and is now trying to negotiate a licensing deal with the
    U.S. outlet. "They fully agree with us," he said.

    The "Forbes-Armenia" director, Elizabeth Petrosian, declined to confirm
    or deny this. But she admitted that the glossy magazine has postponed
    the release of its second issue. Asked whether it will continue to
    be published, Petrosian said, "Time will tell."

    The magazine's first issue came out a month ago and was almost
    exclusively devoted to Armenian politics, containing, among other
    things, a purported list of the country's ten wealthiest individuals.

    It was topped by government-connected businessman Gagik Tsarukian and
    included six high-ranking government officials, including President
    Robert Kocharian and Defense Minister Serzh Sarkisian. The latter
    dismissed the rankings as a fraud, hinting that he believes they were
    commissioned by Tsarukian.

    Incidentally, the magazine was edited by Petros Ghazarian, a talk
    show host working for a television station controlled by Tsarukian.

    Ghazarian claimed on Tuesday that he resigned as editor-in-chief last
    week because the content of its first edition was "unduly politicized"
    by the Armenian media and politicians. He said he was not forced to
    quit by the tycoon or anybody else.

    Both Ghazarian and Petrosian claimed that they do not know who finances
    the controversial publication.

    From: Emil Lazarian | Ararat NewsPress
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