Pravda (Правда, "Truth") is a Russian broadsheet newspaper, and was the official newspaper of the Communist Party of the Soviet Union, when it was one of the most influential papers in the country with a circulation of 11 million. The newspaper began publication on 5 May 1912 in the Russian Empire, but was already extant abroad in January 1911. It emerged as the leading government newspaper of the Soviet Union after the October Revolution. The newspaper was an organ of the Central Committee of the CPSU between 1912 and 1991.
After the dissolution of the Soviet Union Pravda was sold by Russian President Boris Yeltsin to a Greek business family in 1992, 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 Soviet Pravda journalists separated to form Russia's first online paper Pravda Online (now 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), 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. At the time when the paper was founded, the name "Pravda" already had a clear historical connotation, since the law code of the Medieval Kievan Rus' was known as Russkaya Pravda; in this context, "Pravda" meant "Justice" rather than "Truth", "Russkaya Pravda" being "Russian Justice".