“National media group” consolidates 100% of the newspaper “Izvestia”

“National media group” consolidates 100% of the newspaper “Izvestia”

Moscow. August 1. National media group (NMG) has closed a deal to buy 11% shares of OJSC “Newspaper Izvestiya”, increasing its stake to 98,32%.

In accordance with the law, NMG will put the offer to repurchase the remaining minority shares at a price determined by an independent appraiser. Thus, the media enters its final stage of consolidation of the asset, assuming 100% ownership, and managing and independent edition of the newspaper “Izvestia”, the report said NMG.

From August 2016, the rights to publish the newspaper “Izvestia” transferred to OJSC “Newspaper Izvestiya”. The contract with “Ainus” (controlled by Aram moreover), who published “news” c the sixth of June 2011, terminated July 31, 2016. Edition of “News” will continue to lead Arseniy Hovhannisyan was appointed chief editor of the first of February.

“National media group”, created on the basis of the media assets of the Bank “Russia” Yuri Kovalchuk and Alexei Mordashov, and the SOGAZ insurance group, owns the channel “REN TV” (82%), broadcasting company “Petersburg-the Fifth channel” (72,4%), shares of JSC “First channel” (25%), the newspaper “Sport-Express” (25%), radio station “Russian news service” (100%), the content producer OOO “Art pictures vision” (50%), the newspaper “Metro-Petersburg” and the company “Media Alliance” (Discovery channels, Eurosport, Turner) and Russian TV Viasat (80%).

The newspaper “Izvestia was founded in 1917. The publication is distributed in all cities of Russia and near abroad. The circulation of the newspaper “Izvestia” exceeds 150 thousand copies, the audience of one issue is 309 thousand readers.