In it's place he has created Rossiya Segodnya, or Russia Today.
Officially, the move was made to "save money" and "improve news service".
However, it was very clear that the new service will be a propaganda machine, similar to the Soviet Era APN.
In an outgoing statement, RIA's website said that, "The move is the latest in a series of shifts in Russia's news landscape which appear to point towards a tightening of state control in the already heavily regulated media sector."
RIA had more often been allowing statements and editorials critical of Putin and his government.
It now seems that doing so made them a target of the regime.
Putin now controls every single major Russian media outlet.
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