In March 2016 the holding “Gazprom-media” has bought 7.5% of shares of “National media group” (NMG). This follows from the disclosure of Gazprombank, which owns “Gazprom-media”. The amount of the transaction amounted to 11.1 billion rubles, the document says.
The seller’s name has not been disclosed. The volume sold of the package coincides with the ratio of shares in NMG, owned by the founder of Volga Group Gennady Timchenko. Businessman in 2013 has gained just 7.5% of the shares of the media group RTL in Luxembourg, wrote RBC. The transaction amount was €81 million, “I have funded projects related to the media assets, but they interested me solely from a commercial point of view, did not consider them as a tool of influence,” said Timchenko in August 2014 in an interview with TASS on its investment in NMG. He then emphasized that directly owns a “very small percentage” in MWF.
To receive the comment of the representative Timchenko has not yet succeeded. MWF and representatives “Gazprom-media” has not yet responded to additional questions regarding the transaction.
National media group was established in 2008 through the merger of the assets of the Bank “Russia” Yury Kovalchuk, SOGAZ, “Surgutneftegaz” and the Chairman of the Board of Directors of “Severstal” Alexey Mordashov. The ownership structure of MWF is completely unknown. Last time MWF has disclosed its financial results for the year 2013: then the revenue of the company exceeded 14.7 billion rubles., operating profit reached 2.4 billion rubles, net profit — RUR 1.5 bln.
At the end of March 2016 at MWF new Director: is Alexander Ordzhonikidze (head of the group since 2009) was appointed Olga pascin, who led the Discovery Networks in North-Eastern Europe. The reasons of personnel shifts in the company did not disclose. Over the past seven years CGM acquired a stake in “the First channel” and “STS Media” and radio “Russian news service”, the newspaper “Izvestia” and “Metro-Petersburg”, wrote RBC. In 2015, agreements were reached on partnership with large foreign companies in the pay TV market: the Discovery group, Viasat and Turner.
The revenue of “Gazprom-media” by the end of 2015 reached 73.6 billion roubles, which is 2% higher than a year earlier, follows from the statements of Gazprombank. Advertising revenues increased 3%, to 57.3 billion rubles In the portfolio of “Gazprom-media” — broadcasting TV channels (NTV, TNT, 2×2, TV3, “Friday!”, “Match!”), radio stations (“Echo of Moscow”, “Autoradio” “Humour FM” etc.), satellite TV operator “NTV-plus” and its non-terrestrial channels, video services Rutube and Now.ru, marketers and content producers.