After the dissolution of the Soviet Union in 1991, Pravda was sold off by Russian President Boris Yeltsin to a Greek business family, and the paper came under the control of their private company Pravda International.
In 1996, there was an internal dispute between the owners of Pravda International and some of the Pravda journalists which led to Pravda splitting into different entities. The Communist Party of the Russian Federation acquired the Pravda paper, while some of the original Pravda journalists separated to form Russia's first online paper (and the first online English paper) Pravda.ru, which is not connected to the Communist Party. After a legal dispute between the rival parties, the Russian court of arbitration stipulated that both entities would be allowed to continue using the Pravda name.
The Pravda paper is today run by the Communist Party of the Russian Federation, whereas the online Pravda.ru is privately owned and has international editions published in Russian, English, French and Portuguese.
Though Pravda officially began publication on 5 May 1912 (22 April 1912 OS) which can be found on right site in the image, the anniversary of Karl Marx's birth, its origins trace back to 1903 when it was founded in Moscow by a wealthy railway engineer, V.A. Kozhevnikov. Pravda had started publishing in the light of the Russian Revolution of 1905.
During its earliest days, Pravda had no political orientation. Kozhevnikov started it as a journal of arts, literature and social life. Kozhevnikov was soon able to form up a team of young writers including A.A. Bogdanov, N.A Rozhkov, M.N Pokrovsky, I.I Skvortsov-Stepanov, P.P Rumyantsev and M.G. Lunts, who were active contributors on 'social life' section of Pravda. Later they became the editorial board of the journal and in the near future also became the active members of the Bolshevik faction of the Russian Social Democratic Labour Party (RSDLP). Because of certain quarrels between Kozhevnikov and the editorial board, he had asked them to leave and the Menshevik faction of the RSDLP took over as Editorial Board. But the relationship between them and Kozhevnikov was also a bitter one.