Gazprom-Media Holding, JSC

Country: Russian Federation

Region: Europe

Price: 195 EUR

Description:

Gazprom Media Group (GMG) is a Russian media group of companies, the principal activities of which are: TV and radio broadcasting, advertising, publishing, film production and distribution primarily undertaken in the Russian Federation.

Gazprombank has purchased from Gazprom and some of its subsidiary companies the controlling interests in two holding companies – Gazprom-Media and ZAO PRT-1 (together with its subsidiaries known as the Gazprom Media Group (GMG)) and minor interests in NTV and TNT in July 2005. In 2006, the Group further acquired minor stakes in major operating companies of GMG from third parties consolidating its majority interest in GMG.

In 2007, the GMG has finalized its’ equity restructuring plan. As a result, in October 2007, the new holding company was established – Gazprom-Media Holding. A new holding company was formed by the Group’s contribution of: the minority stakes in various GMG’s subsidiaries, incl. NTV, NTV Plus and TNT; a 100% interest in Gazprom-Media (former holding company); and debts of the GMG’s subsidiaries held by Gazprombank. As of 31 December 2007, Gazprombank owns 100% interest in Gazprom-Media Holding which is the accounting successor of Gazprom-Media.

Gazprom-Media’s well-known brands include TV networks NTV, TNT, NTV-Plus; radio channels Echo of Moscow, First Popular Radio, Radio NEXT, City FM, Relax FM; the "7 Dney" publishing house, which comprises 16% of the entire magazine market of Russia and almost 30% of the magazine market in Moscow; and Izvestia, a leading nationwide newspaper (sold in May 2008). It is also the owner of a film production company (NTV Kino) and two movie theaters.