It’s not quite like the bad old days of the Soviet Union, but it is bad.
Russian journalists are being harassed, attacked and even killed and the government is doing little to track down the perpetrators. In fact, some government agencies seem to be the source of the attacks.
The New York Times has assembled a good video with links to articles about how Russia is becoming more dangerous for journalists. (Moscow Journalists Under Attack.)
The 2010 Freedom House report on media freedom in Russia sums up the situation best:
Russia remained among the world’s more repressive and most dangerous media environments.