ArmInfo. The largest media holding in Armenia, Panarmenian Media Group, announces the termination of its activities as a media association. This is stated in the statement of the organization.
In a statement, in particular, it is noted: "A number of changes occurred among shareholders of companies cooperating with Panarmenian Media Group. In particular, businessman, TV presenter, head of Panarmenian TV, broadcasted in the USA, David Avetisyan became the owner of 51% of ATV's shares and 49% remained to Panarm Inc.. There were also changes among shareholders of ArmNews, Lav Radio and Tert.am portal. These media were acquired by Media Quartet (former MPs, former republicans Samvel Farmanyan, Arman Saghatelyan, Mihran Hakobyan and analyst Karen Bekaryan, ed. note).
The family of the founder of the Russian Comedy Club Production, the entrepreneur Arthur Janibekyan, became the owner of the full package of shares of the Armenia TV channel and Radio Jan.
Taking into account the wishes of shareholders, it was decided to terminate the activities of the Panarmenian Media Group as a media union.
To note, prior to the recent changes, one of the owners of the above media was the son-in-law of the third president of Armenia, Serzh Sargsyan, Mikayel Minasyan.