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New global publisher for Newsweek

Rhona Murphy named new global publisher.

Newsweek magazine has named Rhona Murphy its new global publisher, while media tycoon Mikhail Prokhorov appears likely to take over the title's Russian publishing operation.

Murphy, who has been publisher and managing director of Newsweek International since 2008, was promoted on Monday. She will oversee Newsweek's publishing operation and will lead ad sales and marketing in the US, Latin America, Europe and Asia, reports

She will also continue to look after the magazine's business interests outside the US, including circulation and licensing.

Meanwhile, the Prokhorov-owned ONEXIM Group may become the next publisher of Russian Newsweek, reports news portal Rianovosti.

The title's publisher, Axel Springer, has said that it does not want to renew its licence which is set to expire later this year, the report adds, citing the Kommersant newspaper. The once popular periodical is understood to be a loss making operation.

On Friday, the Newsweek business will come under the control of Sidney Harman, who bought the struggling publication from the Washington Post for $1 in August this year.