Reuters: Sanoma’s sale of a stake in a Russian publisher to a venture including Hearst has been blocked under a toughened law on foreign ownership, the Finnish media company said. The deal was announced last year and involved the sale of Sanoma’s 50 percent stake in Fashion Press, which publishes magazines such as Cosmopolitan and Esquire in Russia. But Russia passed a law last year limiting foreign ownership of media companies to 20 percent, tightening regulation of a sector already dominated by state-controlled channels.