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During Mikhail Gorbachev’s reforms, Baklanov attained prominence as the editor of "Znamya" literary magazine. Under his editorship, the magazine’s circulation rose to 1 million copies. It published a number of previously suppressed works, such as Mikhail Bulgakov’s novella "Heart of a Dog", Alexander Tvardovsky’s poem "By Right of Memory", Vasily Grossman’s travel account "An Armenian Sketchbook", Georgi Vladimov’s novel "Faithful Ruslan", etc. Baklanov edited "Znamya" from 1986 to 1993.