Article "Znamya, a newspaper in St.-Petersburg" ("Russian: Знамя, с.-петербургская газета") says that this newspaper was established by its editor and publisher Krushevan in 1902 and describes the position of this edition as "extreme misoneism and anti-Semitism".
However, the article "Krushevan, Pavel Alexandrovich" says that "Znamya" was established at the end of 1903, and that "this newspaper was short-lived".
Given the fact that the issues containing the scandalous publication of "Protocols of the Elders of Zion" came out in print in August–September, the assertion about the end of 1903 is a misprint. An additional indirect indication favouring this assumption is the numbering of these issues (nn.190–200). De Michelis and Richard Newhouse also claim that "the Nilus version with its preface was published for the first time in the St.Petersburg newspaper Znamja (1903)".
Minor controversy may arise due to confusion caused by the similarity of the names of newspapers, which were subsequently founded by the same Pavel Krushevan, and which reflected in that or another way his same anti-Semitic bias. These are the above-mentioned "Znamya" (end 1902 — 1903) and "Russkoye Znamya" ("Russian Banner", Russian: Русское Знамя, 1905 — 1917).