Trud is a Russian newspaper. Trud's first issue was on February 19, 1921, in Moscow, in what was then the Soviet Union. Under the Soviet state, the paper published the work of famous writers and poets, including Vladimir Mayakovsky, Nikolai Rubtsov, Yuri Nagibin, and Yevgeny Yevtushenko. Prior to the dissolution of the Soviet Union, Trud was the press organ of the All-Union Central Council of Trade Unions. It emphasized labor and economic analyses and included official decrees and orders. In 1990 the paper's circulation reached 21.5 million, the world's largest according to the Guinness Book of Records. In the years following the end of the Soviet Union, about 21 million of these readers were lost and the paper fell into decline. In 2007, the media asset management group PromSvyazCapital created the holding company Media3. Media3's holdings included Trud, other newspapers including Arguments and Facts, and other assets. In February 2008, the daily newspaper was completely re-branded, the format changed from broadsheet to full-color tabloid, and the only nationwide job classifieds section included. In 2009 the paper's website saw a major updating. On May 1, 2011, after a number of editorial changes, Media3 terminated its contract with the publishing house JSC for JSC to produce content for Trud. The announced reason was to cut costs and improve the profitability of all the businesses held by the media company Media3. Content for Trud was to be purchased from editorial units of the holding company, particularly Arguments and Facts. Media3 also contemplated the sale of some publishing projects operating under the Trud brand. In January 2012, Trud was purchased from Media3 by Newspaper "Labor" LLC and returned to its historic building at 9 Grand Dmitrovka Street. In February 2012 was announced that the new owners of Trud would be the Institute of Free Journalism, founded by Sergei Choi and the journalists Valery Simonov and Yuri Ryazhskiy. As of 2013, Labor is published three times a week.