History of RBC
- History of financial performance of holding: Financial performance of RBC
- History of TV channel: RBC of TV
- History of the newspaper: The RBC newspaper (before RBC daily)
2020: Rosneft demanded 43 billion rubles from RBC
Rosneft requires to exact through court from RBC 43 billion rubles. So in the company assessed damages of reputation from heading in one of articles on the website of the agency. As reported in May, 2020 to RBC, they received the statement of claim of Rosneft for "the amount, record for the media market".
Affirmed as article about which there is a speech that "The Ryazan PSF of state Roszarubezhneft, became the owner of one of the largest former Venezuelan assets of Rosneft — National Oil Consortium". RBC is convinced "of reliability and objectivity of the published information based only on official data".
The first version of material appeared under heading "The Ryazan PSF received a share in the former Venezuelan project of Rosneft. Next day the heading was changed in connection with obtaining the specifying comment of Rosneft to Roszarubezhneft received the former Venezuelan asset of Rosneft through PSF".
Rosneft claims that in initial heading of article "the distorted information on contents of the transaction was placed". "Instead of reflection of essential information that control over the Venezuelan assets is received by state-controlled JSC Roszarubezhneft actually by the defendant makes an impression about transfer of assets to the under control claimant to society — PSF RN-Okhrana-Ryazan, said in the claim. At the same time it was not specified in initial heading of RBC that this PSF belongs or is related to Rosneft. Moreover, at the very beginning of article it is said that this PSF belongs to Roszarubezhneft.
"The first option of heading is absolutely correct, it was changed not because of inaccuracy, and with the purpose to reflect the additional information from the comment of the company on a technical role PSF in the transaction which Rosneft could formulate only day later after a request of edition. The Ryazan PSF which is included into structure of Roszarubezhneft now received the former asset of Rosneft in Venezuela. It is the fact from official disclosure of information. And the heading of RBC reflected this fact" — the head of the joint edition RBC Pyotr Kanayev said.
Rosneft considers that the heading called into question the fact of "alienation of the Venezuelan assets for group perimeter", and the publication "created additional sanctions risks for the claimant, provoking concerning it additional sanctions policy, despite the actual termination of activity in Venezuela".
The sum in dispute in Rosneft was explained so: after a release of the publication of RBC on May 14 at 5:16 p.m. Moscow time stock quotations of Rosneft at the Moscow Exchange showed "the worst dynamics" in comparison with the market. So, from 5:15 p.m. before closing of biddings growth of cost of its stocks was 0.4% while the industry index of MICEX "Oil and gas" grew by 1.5%. Thus, the actual capitalization of Rosneft which for the end of a trading session made 3.679 trillion rub was 43 billion rubles lower than if quotations would correspond to dynamics of this index, the company specifies. "Until the publication of article of the loudspeaker of quotations of the claimant corresponded industry average" — Rosneft claims.
| ||"We are delighted with impact assessment of RBC on the events in the Russian and world markets and intend to provide further to our audience the weighed information helping to make decisions in business" — the CEO of RBC Nikolay Molibog said.|| |
Introduction of paid access to RBC of Pro
On December 16, 2019 access to publications in the section of RBC of Pro became paid. The cost of access was 800 rubles a month. Earlier these materials could be read freely, having filled out only the registration form. Old readers will be able to continue to read free of charge materials one month after start of a subscription.
Editorial texts, materials of the consulting companies, translations of articles of Bloomberg, research, digests of messages of industry media are published in "Pro". In plans start of the video section with webinars and reports from industry conferences. Banners on the Pro pages will not be.
The deputy director general of RBC Maxim Vasyukov told:
| ||- In Pro we set several tasks for ourselves. First, to attach on not news business content skills of RBC media holding in selection and verification of information. It will allow users to save time on search of really quality and useful materials significantly.
Secondly, we want to form and inspire, but not only from positions of journalists: we provide the platform for the expression to gurus of the market. Thirdly, we are going to create professional community, to supplement Pro offline - actions, such as joint viewings broadcasts of forums, a public currents, master classes.
New RBC of Pro will be separately on sale and as a part of corporate subscriptions. Now the holding sells to business access to shop of researches, public.ru library and other services.
RBC planned sale of subscriptions to bonus content in the 2015th and tested paid access since May, 2018.
Pyotr Kanayev is appointed the head of the joint edition
On August 19, 2019 it was announced that Pyotr Kanayev is appointed to a post of the head of the joint editorial office of RBC media holding. Since 2017 he held a position of the first deputy co-directors of the joint edition. In a new position of the head he is responsible for work of the website rbc.ru and RBC newspapers.
Kanayev assured that the editorial policy of RBC will not change.
Igor Trosnikov holding a post of the co-director of the joint edition is appointed the deputy CEO of RBC of Nikolay Moliboga. He begins to supervise processes of integration of the content divisions of RBC, increase in their cost efficiency and transformation in the context of general strategy of development of holding.
Elizabeth Golikova holding a post of the co-director of the joint edition RBC will continue professional activity outside media holding, in the field of, not connected with journalism.
Creation of credit rating agency
The RBC media holding announced in January, 2019 the establishment the National Credit Ratings (NCR) agencies. It will be headed by the former head of group of ratings of financial institutions of AKRA Kirill Lukashuk.
2018: Freezing of stocks of Mango Telecom by the Cyprian court in the claim of RBC
The Russian media holding "RosBusinessConsulting" achieved judicial arrest of stocks of the holding company of Mango Telecom operator, a minority share in which RBC owns, Interfax reported on October 16, 2018. Read more here.
Alexey Abakumov is appointed the development director
Alexey Abakumov who in the spring of 2017 was called the Kremlin candidate for management of RBC in July is appointed to a position of the development director of holding.
Igor Poletayev replaces Elmar Murtazayev at the head of RBC TV
Grigory Berezkin purchased a controlling stake of RBC
Grigory Berezkin purchased a controlling stake of RBC media holding from Mikhail Prokhorov, announced the parties on June 16, 2017. Structures of UST acquired 65% of shares of media holding, Berezkin and Prokhorov's representatives refused to disclose financial parameters of the transaction.
Observers considered this transaction within Grigory Berezkin's partnership with Yury Kovalchuk. Earlier the most probable buyer of media holding sources of Gazeta.ru called "National media group" of Yury Kovalchuk.
Berezkin said in an interview to Vedomosti that he made the proposal to remain to the CEO of RBC Nikolay Molibogu and intends to make the same proposal to an editorial command which is managed by Elizabeth Golikova and Igor Trosnikov.
As of April, 2017, structures of Onexim management company of Mikhail Prokhorov possessed 61.6% of stocks of holding, the minority shareholders (it turns out, Berezkin them also redeemed) who remained 35% of stocks owned several percent of shares bargain at the Moscow Exchange.
Negotiations on sale of RBC dragged on because of a heavy debt of media holding, interlocutors of Vedomosti know, for the end of 2016 it made 14.9 billion rubles, about 85% of this amount – a debt of RBC to Oneksim. Prokhorov expected to return the most part of this amount together with sale to the company, two interlocutors of Vedomosti know what initially frightened off a part of potential buyers.
The fact that Berezkin essentially agreed about purchase of RBC became known in April. According to the businessman, by this time the parties agreed by financial parameters and the last month bargained concerning responsibility of the parties. In particular, they argued who – the buyer or the seller – will bear the financial responsibility if Rosneft nevertheless manages to seize from RBC 3.2 billion rubles for causing damage of a goodwill. The state company submitted a claim against RBC last spring, the court refused to it compensation, in May Rosneft filed the writ of appeal about this solution. As a result responsibility was undertaken by Berezkin.
After sale on RBC there is a part of a debt, Berezkin told Vedomosti, but did not begin to open parts. On holding there is a part of a debt which is not connected with Oneksim, two interlocutors of Vedomosti, i.e. about 2 billion rubles know. The company is capable to pay such amount, they are sure. Taking into account a debt Prokhorov received "several tens" of millions of dollars for an asset, knows the source close to the transaction, according to another, these are more than $50 million Prokhorov left RBC with huge losses, one of interlocutors of Vedomosti specifies, another objects: the businessman received more, than really calculated, in such situation, difficult for it, it is the optimal amount.
Berezkin: While we are going to change nobody in RBC, the company works well
"While we are not going to change anybody in RBC, the company works, in my opinion, not bad", - he told journalists. "The minimum of changes are the best that can be", - he told journalists on PIEF-2017 sidelines.
"Already I hope soon (the deal will be closed - IF). Nothing basic remained", - G. Berezkin added.
According to him, he is not going to integrate RBC with other media assets, but sees synergy.
Also he emphasized that he did not discuss with anybody in power purchase of RBC.
Message about plans of a meeting of Putin with Prokhorov
According to him, the president told about the forthcoming meeting still on March 16 during the conversation with Chief Editors of the Russian media.
The federal official on the condition of anonymity confirmed that the meeting with Prokhorov is planned for the near future at Putin. At the same time he could not tell whether the meeting till May 28 will take place.
At a meeting as one of its participants told TV channel, there were heads, including Kommersant, Vedomosti, Nezavisimaya Gazeta and Novaya Gazeta. Besides, there, as notes TV channel, there was a CEO of RBC Nikolay Molibog and the co-director of the joint edition Elizabeth Golikova.
According to TV channel, Golikova was interested at Vladimir Putin in the fate of holding, but he evaded the question, having told only that it will meet the shareholder.
The source of Rain close to management "ONEKSIMA" told that Prokhorov is going to discuss sales terms of RBC. According to it, the businessman needs guarantees that after media industry sale it will be able to close other transactions on profitable terms.
According to the source, close to the Kremlin, it is impossible to avoid sale. At the same time the federal official told TV channel that the president is going to speak not about RBC, and "about business".
The TV channel notes that the meeting can become for Prokhorov of the first since 2013. Then the businessman spoke at a meeting of the head of state with leaders of parliamentary parties.
Onexim resumed negotiations on sale of RBC
On April 11, 2017 it became known that Mikhail Prokhorov's Onexim resumed the negotiations on sale of RBC media holding stopped in the summer of 2016. This RNS was announced by the investment consultant familiar with the content of negotiations, the source close to media holding, and the media manager informed on consultations.
Negotiations became more active in March, specified one of sources.
"A stage — communicate, the transaction is not closed" — reported one of sources.
The source close to RBC added that at present there is a due diligence of an asset in which in particular, investment consultants from VTB Capital participate, and the transaction can be signed within a month.
The pool of investors participates in negotiation process, approves one of sources of RNS, without calling applicants for an asset.
"The company related to Berezkin can become the buyer of RBC" — tells one of them.
According to the third source of RNS, consultations with Berezkin about entry into the capital of RBC go more than a month, but "the subject of a debt of media holding at the level of more than $200 million remains not settled".
In the summer of 2016 two interlocutors of Vedomosti specified that Prokhorov is ready to sell RBC for $250 million (including a debt for $200 million). One of interlocutors of Vedomosti knows that in the spring of 2017 Berezkin is going to purchase RBC for the amount, it is significantly less than $200 million.
"The basic decision is made, the transaction is approved on the top" — the interlocutor of Kommersant claimed.
Two sources of Kommersant claim that Grigory Berezkin is ready to pay for RBC "about $100 million". As at the same time the issue with a debt of RBC will be resolved, they do not speak. According to the reporting of holding, for June 30, 2016 its debt was $277 million, including long-term — $225 million and short-term — $52 million. Capitalization of JSC RBC at the Moscow Exchange made on April 11, 2017 2.47 billion rubles (about $43 million).
Transaction amount will be about $50 million, approved one of sources of Vedomosti. It adds that the buyer will get the media holding cleaned from debts.
One of sources of Kommersant says that the buyer first of all is interested in RBC TV channel as the most perspective, from his point of view, an asset.
According to Vladimir Sungorkin of the CEO of ID Komsomolskaya Pravda, media industry (earlier he was the controlling shareholder of Komsomolskaya Pravda) is very interesting to Berezkin and he actively participates in management of the media.
According to two sources in the media market, in case of entry into the capital of RBC Grigory Berezkin considers the possibility of attraction to management of media holding of Alexey Abakumov, the Deputy CEO of the Rumedia group.
"Consultations continue, the final decision on in what status it can come to RBC while is not present", - says one of sources of RNS.
Abakumov – the candidate of Presidential Administration, told the source of Vedomosti close to RBC, the administration even in the summer of 2016 recommended to shareholders of RBC to employ him. The Presidential Administration watches closely the transaction on RBC, approve two sources of Vedomosti. The employee of Presidential Administration denies both it, and that officials somehow recommended Abakumov. Abakumov reported to Vedomosti that he does not conduct negotiations on work in RBC.
The court cancelled compensation from RBC in the claim of Rosneft, but admitted guilt
The ninth arbitration Court of Appeal cancelled on March 1 the decision on payment by RBC media holding and its journalists of 390 thousand rubles of compensation in the claim of Rosneft company for protection of a goodwill. Material about Igor Sechin should be deleted from the website of RBC. The court recognized data which contain in it discrediting a goodwill of Rosneft. RBC should publish a denial within 10 days after the judgment and also announce a denial on air of the TV channel.
Putin called insignificant the amount collected from RBC in the claim of Rosneft
In December, 2016 the President Russia Vladimir Putin commented on results of judicial proceedings between RBC and Rosneft. According to him, he cannot judge objectivity of the judgment, however considers practice of submission of claims by top managers of state companies to media logical.
The head of state called the solution which is taken out recently by court in the Sechin's claim to RBC "normal", and the amount collected as a result from media holding "insignificant".
"Took legal action to RBC and wrapped 3 billion there, and the court, so made the decision to pay it 300 thousand [actually 390 thousand rubles — RBC]. Well for RBC — insignificant 300 thousand. I do not think that it will seriously influence financial and economic activity of the holding" — the president noted. "Nothing there terrible occurred" — he considers.
RBC awarded payment of Rosneft of 390 thousand rub and a denial
On December 12 the Arbitration court of Moscow partially satisfied the claim of Rosneft to RBC and four journalists of media holding submitted after the publication of article "Sechin Asked the Government to Protect Rosneft from BP". Authors of the claim required to collect from RBC and journalists of the company of 3.179 billion rubles, having explained the size of requirements with the fact that information which is contained in article discredits Rosneft and hurts its goodwill.
At the same time lawyers of Rosneft referred to the asset cost of the company which, according to them, exceeds 600 billion rubles. "We ask to collect only 0.49% of reputation cost" — lawyers said.
The solution the Arbitration court of Moscow as a result obliged to pay RBC to Rosneft of 390 thousand rubles and in addition collected from each of four journalists (Lyudmila Podobedova, Timofey Dzyadko, Maxim Tovkaylo and the leader of TV channel RBC Konstantin Bochkaryov) 4.5 thousand rubles. The court decided to delete with the same solution from the website of RBC article which became a subject of action and to give a denial.
Rosneft submits a claim to RBC for 3 billion rub
In September, 2016 it became known that Rosneft asks to exact from RBC and three journalists of media holding more than 3 billion rubles for the reputation harm done by the publication of their article about a share of BP during privatization of the Russian company. The representative of Rosneft said it at a meeting in Arbitration court of Moscow.
"We ask to exact solidary from the defendant 3.124 billion rubles as compensation of reputation harm", - he told.
"The claimant during court session changed today requirements and asked to exact more than 3 billion rubles from RBC. During the meeting of white papers representatives of Rosneft did not provide, they should provide them to court and us in the next few days. Lawyers of RBC will consider documents then we will be ready to comment in more detail on a situation", - said to Vedomosti the representative of RBC.
That the court collected the similar amount of losses, the claimant should give the serious calculations proving the size of losses and to support by their accounting documents, the managing partner of Board of media lawyers Fedor Kravchenko says. But it will be very difficult to company to prove that it suffered losses only because of a release of the publication, it is almost impossible task.
Then it is possible to go in simpler way, as well as made Rosneft: try to estimate non-material harm of a goodwill, Kravchenko continues. In this case the size of the claim is limited only to imagination of the claimant. For reputation assessment the claimant resorts to services of the special company appraiser. But it is very difficult to estimate it, in this case the claimant should show some objective criteria too, i.e. to besides prove that damage of reputation is caused by one article. Such situations are possible in volatile security market or b2c-services where one negative clause can lead to outflow of deposits or clients right there. But the case with Rosneft obviously another - at it is stabler business and her partners hardly will make decisions on the basis of the data taken from one publication.
Besides, in recent years practice came that legal entities should not collect such amounts on damage of reputation, the Supreme Arbitration Court (SAC) spoke on this subject more than once. And approximately from 2005 to 2015 courts practically did not satisfy such claims, the lawyer summarizes.
It is about article "Sechin Asked the Government to Protect Rosneft from BP" published in April, 2016 behind Timofey Dzyadko, Lyudmila Podobedova and Maxim Tovkaylo's authorship. Authors claim that they of buyers of privatizeable 19.5% of stocks of Rosneft will oblige not to sign the shareholders' agreement with BP owning 19.75% of state company. The chief executive officer of the Russian state company Igor Sechin, allegedly being afraid that the new shareholder and BP will collect a block packet of Rosneft, insisted that at least two Asian companies or fund should purchase a share, journalists wrote. Rosneft called article "false" at once, having stated that it "represents on anything not based imaginations of journalists or their so-called sources", and demanded a denial.
"If Sechin wins against RBC (and he can and), then he will just take away the edition to himself", - the famous oppositionist, the fighter against corruption Alexei Navalny commented on information on the claim.
The claim against the ex-CEO of Ru-Center Panov for 20 million rub
In September, 2016 the RBC subsidiary company — registrar of domain names Ru-Center — submitted a claim to Arbitration court of Moscow against the former CEO of the company Alexander Panov about collecting from it 20.26 million rubles.
In the statement of claim it is specified that in December, 2012 the Ru-Center signed the contract worth 20.26 million rubles with Dzhibb advertizing agency for advertizing on the website zaycev.net. According to Ru-Center, the contractor did not fulfill agreement obligation and had no contractual relations with the zaycev.net portal. The claimant claims that neither the contractor, nor at the third parties had no opportunity to post advertizing on the specified website, and the company did not need this agreement. Besides, the Dzhibb company which was liquidated had signs of a phony company. The claimant insists that these circumstances are the basis for collecting from Panov of losses. RBC confirmed submission of the claim and an essence of claims.
Panov told RNS that he did not make the decision on the conclusion of the advertizing contract, the contractor and the price of the agreement was defined by RBC.
"the Ru-Center disputes the agreement of 2012, the contractor and which cost was determined by shareholders of Ru-Center, i.e. RBC. All documentation under this agreement towards Ru-Center was provided by RBC financial service" — Panov told. He noted that he "considers submission of the claim by attempt to put pressure as on the victim on criminal case".
Onexim stopped negotiations on sale of RBC
In May, 2016 the Onexim group of the businessman Mikhail Prokhorov suspended negotiations on sale of RBC media holding. The new owner ceased to be looked for after from the company dismissed the top media managers. Resignations in holding connected with pressure of the authorities because of publications of RBC.
In the morning on June 1, 2017 the RNS agency reported with reference to sources in the Onexim group that sale is not in the plans of the management any more.
"After all events in RBC negotiations on sale lose relevance, at least now", - the interlocutor told.
According to RNS, the price in the amount of more than 200 million dollars was discussed with potential buyers. Sources declared discrepancy in asset assessment with a number of potential investors "many times".
Among potential buyers, approve sources of RNS, were:
- co-owner of NLMK Vladimir Lisin,
- co-owner of USM Holdings Alisher Usmanov and also
- the structures affiliated with "National media group".
In addition, the organizations connected with SMP Bank the Arcadia and Boris Rotenbergov and also the co-owner of timber industry holding "Ilim" Zakhar Smushkin and the owner of the UST group Grigory Berezkin were called. The daughter of the last, Anna Berezkina, is the CEO of the Metro newspaper.
The source in the financial sector explained to journalists that "active negotiations were not valid, process was limited to the direction of offers to potential investors".
Later the Russian service of the Air Force with reference to the source also announced suspension of negotiations on sale. According to the interlocutor of journalists, still on May 13 it became clear that the transaction on sale will not be (this day almost all management of RBC was dismissed). At the same time the source assumed that the lack of negotiations on sale will hardly influence editorial policy of the edition.
Despite data of the Russian service of the Air Force and RNS, the director of public relations of Onexim group Andrey Belyak told Lenta.ru that negotiations on sale of media holding were not conducted in the past and are not conducted now.
The government agency of the USA requests financing for RBC for 2017
In May, 2016 it became known that in a request of the American state agency BBG to the U. S. Congress about financing for 2017 by the Russian partner media were specified: RBC, Echo of Moscow and Dozhd TV channel (see page 34).
Osetinskaya and several editors leave RBC
The managing director of RBC Elizabeth Osetinskaya, the Chief Editor of the website of RBC Roman Badanin and the Chief Editor of RBC newspaper Maxim Solyus left holding, the company reported. The last working day of all three - on May 13, 2016.
Manage the joint edition it will be temporary Irina Malkova, now - Badanin's deputy. Formally it will not be appointed to the position of the acting the managing director, the CEO of RBC Nikolay Molibog specified. Malkova wrote to Facebook that RBC will soon leave and "works approximately till June 30". The Chief Editor of the RBC magazine Valery Igumenov also wrote to Facebook that he remains on the post in RBC "for a while".
Later Solyus wrote to Facebook that he will not open the specific reasons of the leaving. But he is deeply convinced that his dismissal is connected with the editorial policy of RBC and with the fact that because of this editorial policy the owner of holding Mikhail Prokhorov had problems.
"This policy and, in particular, my continuance in office of the Chief Editor of the RBC newspaper, reduce chances of a happy end of "a dispute of economic entities" for all business of Prokhorov", - Solyus considers.
Change of editors of RBC was the solution of the management of RBC holding, the CEO of RBC Nikolay Molibog confirmed to Vedomosti. On this matter he refused any other comments.
"Recently we talked much how further to develop RBC, and in this talk could not come to a consensus as regards important issues therefore made the decision to leave. I want to thank Elizabeth, Roman and Maxim for work and for a contribution to development of the company", said in the official statement of RBC from his name.
According to the source Vedomosti in RBC, at first the decision on leaving Solyusa, Osetinskaya and Badanin was made send away from solidarity with it. "New personnel appointments in structure of media projects of RBC it will be announced later", - the company reported.
Besides, several editors of holding, including Yulia Yarosh and Pyotr Mironenko leave. Both reported in the Facebook that both work in the company till June 30. "I remain for a transient period for transfer of affairs", - Yarosh wrote. The similar message the editor of department "Technologies and media" made RBC Polina Rusyaeva-Tsybizova, the deputy chief editor of the RBC magazine Alexey Yablokov, the deputy chief editor on special projects Elena Myazina and the special correspondent of RBC Svetlana Reuters. That they work in RBC till June 30,Banks finance the area manager "and" Elena Tofanyuk and the deputy chief editor of the RBC magazine Anfisa Voronina announced.
The last several months pressure upon RBC amplified. As reported to Vedomosti sources in holding, the staff of Presidential Administration and the governments tried to obtain from company management and its shareholder Mikhail Prokhorov of change of editorial policy. First of all officials did not accept investigations of RBC about the people close to the President of Russia Vladimir Putin. Two interlocutors close to RBC say that they the first dismissed Solyus as officials got used to read the paper newspaper, but not the website of RBC where materials appeared initially.
Later, on May 18, 2017, Elizabeth Osetinskaya told in an interview of The Financial Times that dismissal of the management of RBC is directly connected with the publication of articles about "The Panama file". At the same time RBC did not participate in preparation of "The Panama file" directly. The edition published about it articles on the website and also issued the text on the first page of the newspaper and accompanied with its photo Putin.
Criminal case about the Panov and Karetsky's deprivation of shares in one of RBC companies
On April 29, 2016 the Main Investigation Department of the Ministry of Internal Affairs in Moscow brought criminal case according to Part 4 of Article 159 of the Criminal Code of the Russian Federation (the fraud committed by organized group or in especially large size, the sanction — imprisonment up to 10 years) according to the statement of the former shareholder of Byte Telecom (managed a data processing center, it was controlled by RBC) Alexander Panov for deprivation it and Yaroslav Karetsky of 25% of stocks of the company. It is said in the notification on criminal case. In the resolution on criminal proceedings it is said that the cost of 25% of stocks of BT was $13.4 million.
According to Panov who is familiar with documents of the investigation, the group of people whom law enforcement agencies will check for participation in crime, includes the CEO of RBC Nikolay Molibog, his first deputy Ekaterina Kruglova, the chief financial officer of RBC Igor Selivanov, the deputy director general of RBC on technologies Alexander Kononenko, the former CEO of BT of Farid Karimov, the head of a security service of RBC Alexander Zhgut, the vice-chairman of Board of Directors of RBC Derk Sauer and the CEO of Rekonn LLC Andrey Gordeev. According to Panov, assets of BT at the time of the beginning of investigation belong to the telecom operator of Rekonn, and the group of people which possible participation will be checked was specified in his statement.
Materials on matter in the Ministry of Internal Affairs were transferred by the State Office of Public Prosecutor, follows from the reply of supervisory authority to Alexander Panov. The State Office of Public Prosecutor established that from 2009 to September, 2014 Panov and Karetsky owned on 12.5% of stocks of BT Ltd, the remained 75% belonged to offshore Karuta Investments. At the disposal of RNS there is a document signed by Molibog according to whom 75% of Byte Telecom as of September 23, 2014 belonged to RBC through offshores Karuta Investments, Gattico Holding, Halvertson Holdings and Pintolexa Holdings. The director of Karuta was Derk Sauer, Panov specified.
On August 29, 2014 Farida Karimova, working allegedly as the only shareholder of BT, signed and reported for registration to the authorities of UFNS of Russia for Moscow decisions on reorganization of BT Ltd in Investproyekt LLC, dismissal of the CEO of BT Igor Selivanov and appointment of to this position and also the transfer act of property from Byte Telecom Ltd to Investproyekt LLC, the document says. Then Investproyekt was attached to Drok LLC registered in the Republic of Tatarstan, "in the place of mass registration of legal entities and not performing the actual activity", the State Office of Public Prosecutor set.
"With respect thereto the Prosecutor General's Office of the Russian Federation as Article 37 of the Code of Criminal Procedure of the Russian Federation check materials on the facts of fraudulent activity concerning the property belonging to you (to Panov. — RNS) and to Karetsky Ya. V. and also illegal education (reorganization) of the legal entity are sent to Investigative department of the Ministry of Internal Affairs of the Russian Federation", the document says.
Panov claims that Karimova liquidated several legal entities who were earlier entering into RBC.
Pressure upon Prokhorov with the requirement to sell RBC
In April, 2016 the source in power structures told Gazeta.ru that order about change of the owner of RBC was given top-level. And now "it is important to all "puzzled" officials to expedite this order".
According to two high-ranking officials and the source close to the Kremlin, at the highest levels long ago are dissatisfied with the editorial policy of RBC. The greatest reaction was caused by the publications devoted to family of the head of state: to the director of Innopraktika fund Katerina Tikhonova whom sources of Reuters called "Putin's daughter" (the president's press secretary disproved these data), and the entrepreneur Kirill Shamalov who is, according to Reuters, the son-in-law of the head of state. One of sources tells that extremely negative reaction was also caused by Vladimir Putin's photo to article about the Panama offshores published in the RBC newspaper.
According to two RBC of sources, close to the management, "case of RBC" the head of recently created National Guard of the Russian Federation Victor Zolotov who is considered the close associate of Vladimir Putin supervises, Medusa reported.
The interlocutor in power structures emphasizes that the owner of RBC Mikhail Prokhorov and his environment "are really frightened because they have a clear understanding that they angered the first person of the country".
The source familiar with a situation, and the interlocutor of Gazeta.ru in the market assure that Prokhorov not against sale of RBC, but jacked up too high price. And all events around business of the oligarch are attempts to beat down the price, including of RBC.
For example, the interlocutor says, on April 22, 2016 the pro-imperious Ruposters resource published article screenshot from the website of RBC under the name "Privatization under the threat: why the authorities do not hurry with a sale of assets". On a screenshot the comment of the editor which asks authors to find the expert who told that "the conditions exposed by Putin strongly narrowed at once a circle of potential buyers and why" is imprinted. The publication Ruposters widely dispersed on social networks. The official representative of holding Egor Timofeev on Saturday wrote on Facebook that "in the draft copy there were several editorial questions<...> but Ruposters focus decided to make on the comment of the expert". Why to look for the ideological background in normal economic material, unclear, Timofeev emphasized.
Prokhorov acquired 51.1% of shares of RBC media holding in 2010 for $80 million during an additional issue (about 2.56 billion rubles at the rate of that time). Now capitalization of all media holding is estimated at 2.04 billion rubles (data of biddings at the exchange). Thus, this asset also lost in price.
The source close to RBC and ONEKSIMU, reported to Gazeta.ru that for April, 2016 the debt of holding makes about $220 million. For the beginning of spring of 2016, according to him, to RBC it was close to the arrangement to most of holders of credit notes on debt conversion in capital stock.
"Such converting will lead to complete improvement of the company. On predesigns, after converting of ONEXIM will save a controlling stake of RBC" — the interlocutor of Gazeta.ru says. Until the end of April, he promises, the company will publish results for 2015 and the first quarter 2016, "they will reflect that operational EBITDA of holding in 2015 will grow to 400–500 million rubles and that the holding in 2015 for the first time for the last few years was not financed by joint-stock means or from an asset sale. In the first quarter 2016 holding — it is possible, for the first time for all its history — will show positive EBITDA". The source of Gazeta.ru emphasizes that ONEXIM does all this for the sake of the following result. "Profitable holding in the current activity and almost completely exempted from a debt. And what ONEXIM is going to do with the "cleaned" holding further, a riddle for me, and it is little connected with policy. Only business" — the interlocutor of Gazeta.ru notes.
Sources in Mikhail Prokhorov's environment told Medusa that the businessman conducts negotiations on sale of RBC more than a year. At first Prokhorov allegedly talked about it to Grigory Berezkin. After Berezkin did not manage to purchase the Russian version of Forbes, he, according to some data, became interested in RBC and addressed Prokhorov. At the same time Berezkin insisted on repayment with Prokhorov of a debt which that undertook upon purchase of holding seven years ago; Prokhorov did not agree with it.
Other source of Jellyfish from Prokhorov's environment tells that the co-owner of the timber industry Ilim group Zakhar Smushkin was a potential buyer of RBC. According to the source, Smushkin's managers in February of the 2016th already discussed possible appointments in holding after change of the owner.
Both expected buyers are integrated, first, by old acquaintance with each other, and secondly, friendship with the prime minister Dmitry Medvedev — he in the 1990th worked for Smushkin as the lawyer. The interlocutor of Jellyfish close to the management of economic department of FSB confirms: the head of the Russian Government Dmitry Medvedev was interested in Prokhorov's transaction with Smushkin.
In a conversation with Jellyfish one of influential Russian media top managers notes that Smushkin and Prokhorov did not manage to agree about the price. Prokhorov invested about 80 million dollars in RBC and also undertook 220 million dollars of the debts which remained from former owners. Besides, according to people from Prokhorov's environment, the RBC holding by 2016 "increased the political weight" that also should be considered in the asset price. At the same time, according to the interlocutor of Jellyfish in the media industry, the market value of RBC is no more than 60 million dollars now, and Smushkin was hardly ready to offer noticeably more than this amount (on what price he insisted, it is unknown). Anyway, negotiations, according to Jellyfish, stopped after appearance of investigators in the companies belonging to Mikhail Prokhorov.
According to sources of Jellyfish in group of ONEXIM, FSB and Prokhorov's environment, searches in the companies of the entrepreneur were authorized personally by the President of Russia. Vladimir Putin was perturbed with the publications of the edition devoted to his family. The source in management ONEKSIMA notes that Kremlin claims to RBC "accrued as a snowball", especially in recent months. In 2015 the country leaders did not like some publications of RBC — in particular, investigation about the expected daughter of Putin Katerina Tikhonova and also the text about business of the expected son-in-law Putin of Kirill Shamalov. And especially in the Kremlin were angry how RBC in the 2016th is active lit the publication of Panama archives.
"Last time, when a similar attempt was made (to achieve sale of RBC. — Gazeta.ru), Derk Sauer, the president of RBC, transferred to group of ONEXIM, and the transaction broke. Now Elizabeth Osetinskaya on whom all policy of holding keeps goes to a long academic leave, and before the planned time (Osetinskaya at the beginning of April announced a trip to study to Stanford University in September, 2016; however this week reported to RBC that Osetinskaya takes an academic leave in May. — Gazeta.ru). This circumstance and also the shown recently television plots and searches in Prokhorov's structures no other than indirect signs of the preparing sale of RBC — the political scientist Leonid Davydov considers. — The discontent with the editorial policy of holding only grew lately".
"Prokhorov does not contact practically anybody now. It was with him only once when it was "taken" in Courchevel and it was threatened by prison — the interlocutor in an environment of the oligarch tells. — But in general Prokhorov once said that if there is a question of sale of RBC, then it will not rest".
The Kremlin repeatedly declared lack of pressure upon holding from the authorities. The Russian President's Press Secretary Dmitry Peskov said that Putin did not meet the owner of the Onexim group where RBC, Mikhail Prokhorov enters, and disproved messages of the press that the Kremlin allegedly recommended to replace owners of RBC.
Sale of Relax.ru and Kupongid.ru, closing of Tvidi.ru
In 2016 RBC got rid of the website Relax.ru. The Belarusian company Artox became his new owner. There was the structure of holding a website on distribution of coupons of Kupongid.ru. The website for children of Tvidi.ru was the same year closed.
Dmitry Razumov replaces Derk Sauer in the head of the Council of directors
Trademarks and business remain in RBC, "RBC online" - the contractor on content production
In September, 2015 it became known that the RBC holding selected all the media assets in separate company RBC Online LLC. "RBC Online" was entirely purchased by Businessinform company – the Federal Antimonopoly Service approved this transaction in July, 2015. In turn Businessinform is the only owner Mikhail Prokhorov – thus, the holding fulfilled the requirements of the law on restriction of a foreign share in the Russian media of 20%.
Earlier most part of holding belonged to the Onexim group of Prokhorov through Cyprus offshores. It turns out if still Prokhorov through holding controlled 57.05% of founders of media under a brand of RBC, then now 80.46%, and taking into account a share in the holding – almost completely.
According to the representative of RBC Zlata Nikolaeva, by the beginning of 2016 the staff of all editorial offices of holding is transferred to work in "RBC online". At the same time the RBC holding will remain the owner of trademarks of media, will continue to sell in them advertizing and to be engaged in their distribution. So all business activity influencing financial results of RBC will remain in holding, she emphasized. "RBC online" will actually act as the contractor on content production.
Charge of promotion of policy of Great Britain
In August, 2015 according to financial statements of the British TV channel BBC for 2013-2014 which Izvestia studied of the Air Force cooperates with RBC TV channel. The British company for this period caught rather wide audience using the non English television services worldwide, including Russian.
According to the report of BBC, "the Russian TV broadcasting and two partner channels — Rain and RBC — function well and weekly reach audience in 3.2 million viewers". In turn, "BBC Russia TV are highly appreciated by the audience for the fact that plots are relevant and reliable and remain impartial and objective".
The deputy chief editor of RBC-TV Alexey Zuychenko did not begin to speak about details of relationship with BBC as it is "commercial conditions".
— We order some materials from them or just we try to find out the British point of view on some question, observers for several minutes join and state it — Zuychenko told.
The source close to the management of RBC told that the TV channel does not receive money from BBC for placement of the British content.
— This means of "free" filling of air: journalists have BBC very good level of training, they are ready to argue for different subjects rather responsiblly and at the same time do not take money at all for the fact that act in our air. As RBC TV channel not the richest, it is profitable — we receive a qualitative radio product, without spending kopeks of money. We do not pay even for the satellite, signal transmission, studio, the equipment and so forth So there is no financial relationship. It is profitable to them in terms of image — the fact that they represent the opinion worldwide — the interlocutor says.
The press service of BBC World Service noted that the company cooperates with media partners from around the world, including with TV channel Dozhd and RBC.
— Partner stations release our news programs — told in the press service. — In 2014 the model of financing of BBC World Service changed — earlier the company received grants from the British Foreign Office, now exists at the expense of licensing fee (taxes of citizens of Great Britain. — Izvestia).
Market participants doubt that Rain and RBC-TV work for free.
— The foreign companies receive money for financing of such here oppositional projects from the budget. As they carry out them — already other question, but is sure that financing goes, and quite good. Annually the U.S. Government and Great Britain spend for promotion of the ideology in Russia hundreds of millions dollars — one of top managers of federal TV channel says. — It is important for them. Almost as well as to secure information space in the homeland. It is no wonder that RT quite often have problems in England because of claims of the local regulator. All this links of one chain.
In a conversation with Izvestia the source on RBC confirmed that journalists of BBC often refuse to comment on subjects, unpleasant for them.
— It concerns, for example, scandals with the removed journalistic materials with BBC, including the pro-Russian contents. When there are such conflicts, the staff of the British company refuses to speak about it that disappoints. All this talk about their so-called free rules is an utter nonsense — the interlocutor added.
Cooperation of RBC with BBC continues that is visible on a program grid of TV channels. So, host "Today. The main thing" on RBC twice a week contacts the observer of the Russian service BBC in London and asks to estimate these or those latest events. For example, Carrey's visit to Russia, telephone negotiations of Putin and British prime minister Cameron, interview of BBC of the president of Ukraine Petro Poroshenko.
Transfer under the name "BBC on Rain comes out every day and purely English view of the Russian events and reports by correspondents of BBC from all over the world" is positioned as ". These are news releases from studio of Rain, but with reports from observers of BBC. On August 10, 2015, for example, discussed whether "the Russian wars want". The retired Russian general told BBC that Russia can begin war with Ukraine if Kiev goes to approach in Donbass. Also told how the authorities of Britain struggle with illegal migrants and solve a problem of violent air passengers.
RBC not the first time is accused in connection with the authorities of foreign countries. Izvestia in April announced plans of RBC-TV for cooperation with Voice of America. In materials of the American government organization "Board of Governors concerning Broadcasting" (Broadcasting Board of Governors, BBG) which integrates Radio Free Europe/radio "Svoboda" (RFE/RL), Voice of America (VOA) and other public media channels of the USA, is said that the budget of the Russian broadcasting will grow from $4.09 million to $4.14 million.
Voice of America and RBC-TV are going to expand broadcasting time of the joint made content up to 60 minutes a week using studios [Voice of America] and journalistic resources in Washington and New York" — it is told in the materials BBG. Among partners of Voice of America the Грани.ру resource and Dozhd TV channel were specified in the materials BBG of 2014.
On August 14, 2015, opposite to the editorial office of Dozhd TV channel there was a banner of art community Glavplakat representing RBC and "Dozhd" TV channels, according to authors, in a species of chain dogs of the British regime.
Updating of Board of Directors
On June 26, 2015 according to the results of shareholder meeting board members were elected:
- 1. Derk Sauyer
- 2. Salnikova Ekaterina Mikhaelovna
- 3. Lyubimov Alexander Mikhaylovich
- 4. Molibog Nikolay Petrovich
- 5. Myasnikova Elena Olgerdovna
- 6. Podsypanin Sergey Sergeyevich
- 7. Sharshova Natalia Valentinovna
- 8. Kononov Andrey Nikolaevich
- 9. Maximova Anastasia Andreevna
ONEXIM pays debts of RBC
In April, 2015 it became known that ONEKSIMOM funding of payment of the bond coupon as, despite operating profit in 2014, RBC cannot service a heavy debt which became more expensive because of the fact that it is nominated in currency is performed, mister Senko added.
For June 30, 2014 the total long-term debt load of holding made $230 million, it was told in the reporting for the first half of the year of the 2014th. The most part of debt is the share of structures ONEKSIMA which accumulated obligations of holding to creditors during purchase and restructuring of RBC in 2010. In day of carrying out Board of Directors, on April 24, 2015, JSC RBC paid to bondholders 13.564 million rubles in connection with approach of term of their repayment.
In April, 2015 RBC received from the shareholder 852 million rubles on repayment of credit debts and to bonds, 550 million rubles of them were paid at once. Should pay 349 more million rubles RBC till March 31, 2016.
The general short-term credit obligations of group for the beginning of 2015 grew in a year more than twice – to 1.23 billion rubles. As stated in the report for 2014, in further RBC will pay a debt not only due to result of operating activities, but also selling the assets.
Transfer of assets in the Russian jurisdiction
In April, 2015 it became known that Mikhail Prokhorov's ONEXIM began restructuring of RBC holding. Because of growth of currency rates it cannot service the debts any more and also should be brought into accord with the law prohibiting to the foreign companies to own since 2016 more than 20% in the Russian media. Now a number of structures of holding, including the business editorial office and a part of assets of TV channel, are transferred from public JSC RBC on new RBC Online LLC. ONEXIM will receive in it 80.5% for which it will pay 851 million rubles, money will go to the capital "RBC Online".
The company founded RBC Online LLC, and the Board of Directors approved transfer of a number of assets to it — 100% of Businesspress LLC (the publisher of the business RBC newspaper) and 1% of "Businesspress of SPb" (the St. Petersburg branch RBC which is engaged in online projects). As it appears from the message, 100% of "Businesspress" are estimated at 7.98 million rubles, 1% of "Businesspress of SPb" — at 0.87 million rubles.
Sale of 80.46% of RBC Online LLC of Businessinform LLC will be the next stage. According to Kartoteka.ru, Businessinform LLC (till March, 2015 — ONEXIM Sport LLC) is registered to address ONEKSIMA and founded by Timur Podsypanin. This is the employee of legal department of group, the interlocutor of Kommersant close to ONEKSIMU explains. In payment Businessinform will contribute shares in the capital "RBC Online" 851 million rubles.
The second shareholder "RBC Online" will remain to JSC RBC — the head company of holding. In addition to the assets which are already transferred "by RBC Online" it will enter 8.9 more million rubles money and also 100% of stocks of RBC-TV Ltd and 3% of stocks of RBC-TV Novosibirsk Ltd (owns the radio frequency thanks to which RBC TV saves the right to sell advertizing) which are estimated at 197.88 million rubles. The share of JSC RBC in "RBC Online" will make about 19.54%.
Transactions were approved by all board members of JSC RBC, except Yuriys Adamovichs who refrained from vote on these questions. Mister Adamovichs is the former top manager of MDM bank and as it is considered, represents the interests of creditors of holding in Board of Directors. It transferred through a reception that refuses comments of Kommersant.
In 2014 revenue of holding dropped by 12%, up to 4.93 billion rubles. Decrease, in particular, the segment of printed media (for 22%, to 215 million rubles) showed, TV channel (for 2%, up to 866 million rubles), revenue of business Internet resources grew by 7%, up to 1.587 billion rubles.
Restructuring is carried out for reduction of structure of holding to compliance with the new law "About Media", the Deputy CEO, the director of investments ONEKSIMA Valery Senko reported Kommersant. The law adopted in 2014 prohibits the foreign companies to own more than 20% in the capital of the Russian media since 2016. As of June 30, 2014 63.39% of RBC belonged to group of ONEXIM through the Cyprian structures of Pragla Ltd and Renaissance Securities (Cyprus) Ltd.
Sale of the QIP.ru portal and its satellites
The transaction included the QIP.ru website and all main satellites: aggregator of news News.qip.ru, educational 5ballov.qip.ru database; entertaining services: selection of tests and polls of Aeterna.qip.ru, astrological information of Horo.qip.ru, service of creation of screenshots of the screen of the user of Shot.qip.ru, system of the forums Borda.ru and Forum24.ru; free hosting of QIP.ru and space for storage and data exchange of Files.qip.ru.
As a part of the portal the mail service of QIP.ru was also sold.
Within strategy for development priority for RBC — business — projects we sold one more large entertaining resource – the QIP.ru portal. The command which works not the first year at the market of CPA networks acted as the buyer and it is interested in further development of the project by its consolidation with the current assets and start of new products based on the QIP brand. One of the major for us tasks – to provide now the most comfortable and technology stable transfer of the project. We calculate that the transient period will be short as the QIP.ru command in full strength passed to new owners. — CEO of Media of the Worlds and deputy CEO of RBC for technologies Alexander Kononenko
Project closure "RBC. Personal finance"
Sale of Smotri.com service
In December, 2014 it became known that RBC agreed about sale of a video hosting of Smotri.com to group of private investors. This TASS was announced by the CEO of Mediamir (manages non-business projects of RBC) Alexander Kononenko. Financial terms of transaction did not reveal.
Smotri.com is free service for placement, storage and watching video files. According to the website, the number of the registered users reaches 9 million people. Conducted negotiations on sale of the project of RBC since August, 2013. Among potential buyers was called including Rostelecom state operator.
"Sale of Smotri.com — one more step on the strategy of focusing selected by RBC on development of business assets and sale entertaining. We are glad that we sell the project to investors who are interested in development of the project and fruitful work with the current command. We in return will help with technology migration of the project to the new owner without quality degradation of service" — Kononenko told.
He added that the transaction includes a command, a brand, the current practices and also server providing, it should be closed in next few days.
Purchase of Public.ru for 19.2 million rub
In December, 2014 it became known that the RBC media holding purchased 60% of Public.ru online library for 19.2 million rub.
It was announced that the remained 40% of stocks will be redeemed in the first half of 2017 at the price of €200 thousand. The transaction amount approved in euro according to the redemption of 40% of the stocks Public.ru will be transferred in rubles at the rate of which will be relevant at the time of closing of the transaction.
Public.ru belongs to Public Library Ltd which owners are Vektor-Info LLC, Avicomp Services Ltd, ONTOS AG.
Failure from sale of the website Loveplanet
On October 1, 2014 it became known that RBC will not sell the dating site Loveplanet, TASS the chairman of the board of directors of RBC Derk Sauer reported.
"We do not sell Loveplanet. The asset is profitable — in it there is no sense" — he told.
In June, 2014 sources of TASS reported that shareholders of the dating site TopFace are interested in purchase of Loveplanet. According to them, TopFace tries to estimate whether it is possible to strengthen the website and the mobile direction at the expense of Loveplanet.
Loveplanet for 76% belongs to RBC, the rest — at offshore Lintor Ltd. The portal was estimated at $10-12 million according to TNS, in April, 2014 the audience of the website Loveplanet made about 237,700 people a day, or 0.2% of the population of Russia (2 million people a month, or 1.9% of the population). The average number of viewings pages on the person was 15.5 pieces a day.
Audience of the websites of RBC
For November, 2014 the company also controlled the websites:
- photofile.ru (in 2016 readdressing on photo.qip.ru)
- ziza.ru (for 2017 the website is closed)
- turist.ru (in 2016 readdressing on RBC Style was made)
- creep.ru (for 2017 the website is closed).
Negotiations on LovePlanet sale
In June, 2014 it became known that shareholders of the dating site TopFace agree with RBC about purchase of the competing Loveplanet portal, ITAR-TASS reported an informed source and two sources close to RBC. According to the first source, TopFace tries to estimate whether it is possible to strengthen effectively the website and the mobile direction at the expense of Loveplanet.
Information on negotiations was not confirmed and the head of TopFace Dmitry Filatov and Alexander Kononenko, the CEO of Mediamir company which manages non-business assets of RBC did not disprove.
RBC possesses 76% of Loveplanet, other packet — at offshore Lintor Ltd. The portal can cost $10-12 million, the chairman of the board of investment holding "Finam" Vladislav Kochetkov told the agency.
"Project plus in brand recognition, but technology the company lags behind in the plan of a mobile deyting, and potential buyers should make additional resources in development of service" — he told.
The former CEO of Mediamir Pavel Rogozhin in August, 2013 said ITAR-TASS that RBC is going to sell out the entertaining Internet assets in one and a half years to be focused on business.
As of June 30, 2014 63.39% of RBC belonged to group of ONEXIM through the Cyprian structures of Pragla Ltd and Renaissance Securities (Cyprus) Ltd.
Managers redeemed RBK Money for 18 million rub ($0.5 million)
The RBC holding approved sale of 99 percent of shares in non-bank credit organization "Electronic payment service" (NPO of "EPS") which is an operator of RBK Money payment system.
According to the results of the transaction the company was estimated at 18 million rubles ($0.5 million). Nine managers of a payment system (their names are not specified) and EastBound Limited company which already owns one percent of shares of NPO of "EPS" became buyers. Each of buyers will become the owner of ten percent in NPO, having paid 1.8 million rubles for the packet.
It was reported later that sold to RBC the company at a loss for himself, at the same time the company saved an old brand, RBC decided not to dispute use of the trademark.
Election of new Board of Directors
On June 27, 2014 shareholders elected the structure of Board of Directors. According to the results of vote were a part of Board of Directors of the company:
1. Sauyer Derk Eric, president of JSC RBC;
2. Myasnikova Elena Olgerdovna, vice president of JSC RBC;
3. Molibog Nikolay Petrovich, CEO of JSC RBC;
4. Lyubimov Alexander Mikhaylovich, CEO of RBC-TV Ltd;
5. Salnikova Ekaterina Mikhaelovna, deputy finance director of Gruppa ONEXIM LLC;
7. Danilov Pavel Viktorovich, the associate director on investments of Gruppa ONEXIM LLC;
8. Podsypanin Sergey Sergeyevich, director of legal directorate of Gruppa ONEXIM LLC;
9. Adamovich Yury, CEO of Ferst Rashn Rikoveri LLC.
Sale of Readme.ru
On July 2, 2014 the Zuckerberg Poswonit edition reported that the RBC holding sold trafikoobmenny network Readme. According to a source of the CPU, Readme passed to "the private investor" for several hundred thousands of dollars. Official confirmation of this information did not arrive.
Kommersant reports Prokhorov's attempts to sell RBC for $250 million
In August, 2014 the Kommersant newspaper reported that the RBC media holding is ready to sell Mikhail Prokhorov's ONEXIM. In it it wants to receive more than $250 million taking into account a debt of the company for control approximately for $227 million. The offer is discussed with most of owners of the largest Russian media assets, but there are no arrangements on the transaction with anybody yet.
That the group of ONEXIM of Mikhail Prokhorov discusses sales opportunity of RBC holding with potential buyers Kommersant was told by heads of three large Russian media holdings and also two partners of mister Prokhorov in different business. According to interlocutors of Kommersant, consultations on this question began in February, 2014 and continue several months during which the largest owners of the Russian media assets anyway studied the offer "practically all". The possibility of purchase of RBC was discussed, in particular, with the owner of SMP Bank Arkady Rotenberg, the owner of Novolipetsk Metallurgical Combine Vladimir Lisin, Gazprom Media holding and at least three more parties. Any of them, according to Kommersant, is not interested in the transaction at present. Representatives of mister Rotenberg and Gazprom Media refused comments. Vladimir Lisin's representative says that such offer did not arrive. The CEO ONEKSIMA Dmitry Razumov claims that the group does not discuss sales opportunity of RBC.
Some of interlocutors connect Mikhail Prokhorov's desire to leave the project with the termination of an active stage of his political career: in December of the 2013th it conceded a post of the leader of the pariah Civic Platform to the sister Irina who in July also announced the 2014th the decision to leave it. Other sources assume that the reasons first of all economic — development of RBC requires additional financing, and mister Prokhorov is not ready to make personal investments, preferring to attract the third-party investor, at the same time, perhaps, having saved some share in the project.
In fact, Mikhail Prokhorov wants to return, at least, that already enclosed in RBC, one of his acquaintances says. ONEXIM began negotiations on purchase of holding in 2009 when that fell into a difficult situation because of crisis in the financial and advertizing markets. The transaction with founders of RBC Herman Kaplun, Dmitry Byelik and Alexander Morgulchik was closed in June, 2010. 51.1% of the head company of holding, according to official information, at the same time estimated at $80 million. As of June 30, 2014 ONEXIM controlled in total 63.39% of RBC through the Cyprian Pragla Ltd and Renaissance Securities (Cyprus) Ltd. Founders of RBC finally left the company in November, 2013 after the conflict with new management of holding, including Sergey Lavrukhin heading it from April, 2012 to November, 2013.
After arrival of new management the quality of content of RBC improved, but costs for it are still incommensurable to income, one of the former top managers of holding is sure. For the end of August of RBC in 2014 did not publish the consolidated statements neither for the first quarter, nor in a half-year.
Without credit loading control over RBC in a conversation with one of applicants was estimated approximately at $50 million according to the reporting of JSC RBC for the second quarter, the long-term debt load of the company makes 8.376 billion rubles (about $249 million at the rate of for the end of quarter). In particular, 7.638 billion rubles ($227.1 million) fall on the credits of the Netherlands E.M.I.S. Finance B.V. — transferred obligations of RBC to creditors to this structure of ONEXIM upon purchase of holding. A considerable part of a debt is the share of structures most ONEKSIMA, the interlocutor familiar with a situation says. 737.203 more million rubles ($21.9 million) fall on six bonded loans with repayment periods from 2015 to 2020. In total ONEXIM wants to receive from the buyer more than $250 million, a part of which, thus, will go for service of obligations of E.M.I.S. Finance to the third parties. For example, to Gazprom Media, according to sources of Kommersant, it was ready to pay only about $150 million, besides that credit loading would remain on ONEKSIME. Other interlocutor motivated the failure with political risks.
On August 21, 2014 the chairman of the board of directors of RBC Derk Sauer denied information on possible sale of media holding.
"There are no negotiations on sale of business of RBC. RBC is not on sale", - Sauer told ITAR-TASS.
For August 20, 2014 at the Moscow Exchange capitalization of RBC was estimated at 1.536 billion rubles ($42.5 million). Only for the last year the cost of holding fell almost twice — by 48.3% in comparison with August 23, 2013.
Sale of 4 awards to founders of RBC for 40 million rub
In September, 2014 the RBC holding sold to the former shareholders Herman Kaplun and Alexander Morgulchik of the right to carrying out four annual business awards, including "National N1 brand" and Company of year. They paid only 40 million rubles for event-business — approximately for as much itself RBC purchased "The national brand" eight years ago. The holding will save at itself only the award "Year/Effie Brand".
The Board of Directors of JSC RBC approved sale of 100% of Marka N1 LLC of company 101 of StartUp Limited, follows from disclosure of information of the company. This structure is registered in Hong Kong and created by founders of RBC Herman Kaplun, Alexander Morgulchik and Artem Inyutin, the former top manager of holding Mikhail Gurevich heads it. The transaction is already closed, confirmed both parties. The press secretary of RBC of Gold Nikolaeva specified that the awards "Company of Year", "Person of Year", "Financial Olympus" and "National N1 Brand" entered her. These are assets, "not entered in the development strategy of RBC". At the same time the holding retained the award "Year/Effie Brand" and is going to develop.
101 StartUp actually acquire not only the rights to holding the listed actions, but also a team of managers who were engaged in their organization, Alexander Morgulchik told Kommersant.
"It is small event-business, historically carried out awards by RBC, now we will carry out them" — he told. The greatest interest, according to him, is represented by "National N1 brand". This tender of consumer goods exists since the end of the 1990th, acquired the rights to its carrying out RBC in 2006, having paid for them, according to the reporting of holding, 39 million rubles. Russians vote for the best trademarks of consumer goods (for example, glue, plastic windows and so forth), rewarding of winners is held in the Kremlin and is followed by a concert with participation of the Russian pop stars which is broadcast on Channel One. For example, winners of the last of "The national brand" were including Ryaba mayonnaise, the Velvet Handles hand cream. The Grand Prix of the last awards "Person of Year" were received by the president of Interros Vladimir Potanin and the head of Rosneft Igor Sechin.
Holding such action can cost about 30 million rubles, estimates a source in the market of event-services, the most part of the budget leaves on lease of the hall in the Kremlin palace, the fees of actors and a TV broadcast. Organizers earn from sale of sponsor's packets. Despite a situation in economy, the FMCG sector will continue to develop therefore the award will be demanded, mister Morgulchik is sure. New owners are going to hold a ceremony of "The national brand" in December, Companies of years — it is possible, in the spring. And here "The financial Olympus" and "The person of year", most likely, "in present market situation" will not be carried out, he concludes.
The award gives, first, motivation for employees, secondly, adds value to the brand, the chief of the department for public relations of X5 of Retail Group (retail chain stores Intersection, Pyaterochka, Roundabout) Vladimir Rusanov argues.
"There is a lot of awards, but these not insignificant, but status. There are official partner packets, at the same time nobody guarantees to your brand victories. We never came up against opaque situations" — he assures.
However, now a difficult economic situation, the companies will not spend money to the right and on the left, he warns.
Sale of Anekdot.ru
On September 26, 2014 the Board of Directors of RBC took into consideration information "about the transaction on alienation by Halverston Holdings Ltd company of a 85 percent share in authorized capital of Анекдот.ру LLC (owns the website anekdot.ru). It is said in materials of disclosure of information of media holding. Council approved sale of the portal, transaction amount is not disclosed, it should come to the end in October.
Halverston Holdings through which RBC owns a packet in anekdot.ru is also the owner of popular service of online acquaintances of Loveplanet.ru (Lavplanet LLC) and Media World LLC. The last is created in 2005 for development of entertaining online projects, approximately then RBC was purchased by control in "Анекдот.ру".
Failure from start of business radio
On April 9, 2014 it became known that RBC refused the idea of start of business radio station in 2014, ITAR-TASS reported the source familiar with plans of the company.
"Business radio was not decided to be done so far", - he told.
This information was confirmed by other source close to RBC. According to him, in the next year the media holding is not going to invest in new projects. "Internet radio will not be able to reach profitability at once, and for acquisition of frequencies money is necessary", - noted a source.
Sources of ITAR-TASS told that RBC considers the possibility of start of business radio in the middle of December, 2013. The concept assumed the beginning of broadcasting on the Internet with the subsequent possibility of purchase of frequencies. According to one of sources of ITAR-TASS, test broadcasting could begin at the end of the 1st quarter 2014 based on the Internet portal QIP/belongs RBC/.
In the middle of March, 2014 the CEO of RBC-TV Alexander Lyubimov confirmed the interest of holding in the radio-project and estimated necessary investment volume at the level up to 10 million dollars. In 2013 RBC conducted negotiations on purchase of Finam of FM radio station from Finam holding, but as a result the asset was sold to other investors. According to sources of ITAR-TASS, the asset was redeemed by structures of the entrepreneur Mikhail Gutseriev.
Sale of the Utro.ru edition to group of private investors from Siberia
The RBC media holding closed the transaction on sale of online edition "Utro.ru" in February, 2014, reported to ITAR-TASS two sources familiar with transaction parts. "The bargain was concluded on Friday, February 7, the group of individuals acted as the buyer", - told one of them, having noted that transaction amount was about 300 million rubles.
According to other source, the asset was estimated at 350-370 million rubles. One more source close to media holding claims that as the buyer of Morning the group of investors from Siberia with assets in the real sector of economy and Internet resources about the real estate and cars" performed ".
The CEO of RBC Nikolay Molibog, the chief executive of group of ONEXIM Sergey Lavrukhin and the Utro.ru project manager Alexander Nazarov refused comments.
According to TNS for December, 2013, the monthly audience of Utro.ru made 5.25 million people a month - it is nearly 23% of audience of all projects of RBC holding. The daily audience of the project averaged 344 thousand people, or 11.7% of all visitors of resources of RBC for the specified period. According to the source close to management of RBC, annual revenues of Utro.ru are about 60 million rubles a year.
New strategy of Sergey Lavrukhin
From an interview of the CEO of RBC Sergey Lavrukhin to the Gazeta.ru edition (January, 2013):
"We now smoothly pass to the new development strategy till 2015 within which we will be focused on strategic assets. Historically RBC started a large number of startups and shopped much within the investment strategy directed to growth of revenue and capitalization. It was correct because when the market grows, investments come to the country, and investors begin to look for the interesting companies for an investment of the means. And here it is important to be in the public eye, to advance the company through transactions.
For the beginning of 2008 the company cost more than $1 billion with financial performance worse than financial performance of 2012 when the company costs 10 times less. Of course, there is a situation with a debt load which influences capitalization. In general we consider that the most important task of the company is concentration of efforts to marginalities of business, on those assets in which we are strong. By preliminary results, for 2012 we are going to receive the consolidated EBITDA within 600 million rubles. In the budget for 2013 we are going to increase this indicator significantly. We are going to increase revenue in the current year more than by 25%. Of course, on different segments growth rates will be different. At the same time we are focused on optimization of an account part and we try to make all projects profitable.
Only on a segment of television absolutely small minus is budgeted.
- The budget of holding does not include RBC of Money, "Salon Press", RBC daily in St. Petersburg and "by RBC Ukraine". These are those projects which you are going to leave?
Yes. In St. Petersburg we already left an electronic payment system and the newspaper. Plus this list does not include some projects in a segment of the entertaining Internet yet. In Media-Mir company which supervises all non-business projects of holding, the new CEO — Pavel Rogozhin. On the entertaining Internet we are going to optimize all projects. It not always means failure from them or cost reduction. For example, discount service "Kupongid". We were included into the company in 2011 and to the 2014th in option agreement should redeem each half a year on 10% of shares. We see that indicators of the project grow, and last week we made the decision to redeem the next 10%.
- Whether you consider preserving of a post by Derk Sauer in the supervisory board of SIM a conflict of interest?
So far I do not see a conflict of interest. We with Derk and Elena Myasnikova had constructive business relations. Now we discuss an issue of a debt load. Its decrease is one of the key purposes for 2013. And we understand that it is impossible to lower cardinally a debt load only at the expense of operational indicators, having even executed or having exceeded the budget.
- Did you develop strategy on debt restructuring?
The debt was restructured in 2010 within the transaction on purchase of RBC by the Onexim group. Today the debt load makes about $212 million. About a half needs to be paid till 2015, the second — to the 2018th. In 2013 the company should earn at least $35 million, only to service a debt.
This year we will earn positive EBITDA from operating activities, plus due to sale of non-core assets we will receive several tens of millions of dollars. So the company is not going to declare a default once again. But because of a debt we cannot normally invest in new projects as in the end of the year it is necessary to pay a considerable amount of money to creditors.
- Do you have an understanding how to get out of this situation?
On the business Internet we do interesting projects by own efforts, but all of them equally need additional investments. In 2012 we started "RBC Sport". It is the internal project, but all the same investment volume — is not less than $1.5 — 2 million in people and development.
Before New year we updated "RBC Style", we will update style of RBC Travel, we will create the project on innovations.
- Purchase of a radio frequency is relevant or it is a future question?
In general the radio segment is interesting to us. Radio can successfully fit into a line of our business media.
- Will you buy the frequency or the working profile radio station?
We consider different options.
- Work of the previous owners and management complicates negotiations? Parting with them was painful for the company?
I never saw Herman Kaplun from the moment of his dismissal. Last time we saw each other at the beginning of April, 2012, to Board of Directors on which the decision on replacement of the leadership was made.
- There were mutual claims?
Now shareholders communicate with Herman regarding accomplishment of certain arrangements. I do not participate in these negotiations and I do not interfere with discussions.
- Do you see synergy with other media assets of Prokhorov, in particular with the Snob magazine?
On Snob — no: he has other audience. Elena Myasnikova including supervises assets of media group "Live".
- What you see development of business journalism, in particular RBC, in the long term?
Now the trend within which information becomes fast-available and free prevails. I personally do not believe in paid access to content. That feed speed of information which is now will increase. Today people are not ready to pay for information. We have a closed news feed. It is work of news agency which creates about 700 news a day, and we see how interest in a paid subscription decreases. For example, RIA Novosti, perhaps, further according to such scheme, but they will also work at a grant of the state, and ourselves should earn to ourselves on bread and butter. We go to completely to open a news feed and to change editorial policy, creating, for example, 200 news of high quality which we will give in open access. It is possible to monetize effectively an open tape not only through advertizing, but also through different services. And services need to be developed too – their share in revenue of holding makes 30%. In 2013 we are going to increase a share to 35%.
- So the future of business media is a development of services?
Content will remain. Qualitative and timely content attracts audience. But, having consumed this content, the person all the same looks for something else. All rest of the time when the person does not consume information, he is busy with something another, and it is important that at this time it as long as possible would be on your resource — looked for the credit, thought on what deposit to place means, looked for the health insurance, would think where to spend a vacation or what apartment to purchase. And it is a question not only of content, but also services.The third trend is that more and more advertisers interest special projects, and even on TV they come not only for normal advertizing, and it is more and more behind special projects.
The second trend — growth of mobile advertizing. In 2012 at us advertizing revenues of this direction grew four times. In terms of growth rates mobile advertizing much advances Internet advertizing. Other question that always just raise from small base, but advertisers are interested in this direction more and more.
The regional version in Tatarstan
In the second quarter 2013 of RBC started the regional version of the portal in Tatarstan which represents content of the federal website Rbc.ru with the integrated local news of the partner in the region. Soon after start the local version of the portal took the leader's position in the region among business online media. In plans of RBC to provide presence of Rbc.ru in all Russian million-plus cities.
New mobile application
RBC released new mobile application of "RBC of News" to smartphones and tablets based on iOS and Android. The application entered in top-10 the most downloaded applications and takes the leading positions in category "News" in App Store. Several large car makers became the first advertisers of the updated application. Also in the second quarter 2013 of RBC released the new version of the application of the dating service Loveplanet for iPad. The application is among the most cash in category Social networks in App Store.
Start of Relax.ru: consolidation of all non-business resources
In April, 2013 RBC was started by Relax.ru online project into which the entertaining website Ziza.qip.ru and a resource about gadgets and Creep.ru technologies entered. The main feature of the project – emphasis on personalisation of content: he aims to adapt to the user, creating a tape according to his interests. Until the end of 2013 other completely updated non-business resources from the portal Qip.ru group should be integrated into the project. As of the end of June, the audience of Relax.ru made 1.4 million users a month. The first advertisers of the project of steel of Lexus and Philip Morris. In the next plans – release of mobile applications of Relax.ru.
Unsuccessful negotiations with AxelSpringer on exchange of shares
In 2013, even before emergence of the law "about foreigners in media", Derk Sauer as the chairman of the board of directors went to Germany to a meeting with owners of Axel Springer publishing house. He wanted to suggest them "exchange shares": AxelSpringer would become the minority shareholder of RBC, and that, in turn, would absorb the Russian assets of the German ID — first of all the Russian version of the Forbes magazine. It is curious that Prokhorov already tried to purchase from AxelSpringer "Russian Newsweek" once; in 2010 the magazine was closed because of financial problems. Forbes, unlike Russian Newsweek, was a profitable asset, and AxelSpringer was going to bargain for it. As one of negotiators testifies, Germans estimated RBC holding at 50 million dollars whereas Derk Sauer considered that it costs at least 120 million dollars. Anyway, negotiations came to a standstill.
The CEO Sergey Lavrukhin leaves the company
On July 23, 2013 announced RBC that Sergey Lavrukhin made the decision to leave a post of the CEO of RBC since August 26, 2013.
Sale of ID "Salon Press"
In September, 2013 the German Burda Publishing House agreed about purchase of ID "Salon press" which 80% belonged to RBC media holding. As it appears from the message of the German holding, the transaction is going to be closed at the end of 2013 after approval by Federal Antimonopoly Service. "Salon press" is considered the beneficiary of the remained 20% the CEO and one of founders of ID Сергей Shustov.
RBC in 2006 purchased 60% of ID for 634 million rubles, or about $26 million, and in 2008 bought in addition another 20% for 191 million rubles, or $7.8 million. In 2007 the Ideas of Your House brand was estimated in at $8 million, Salon Interior в by $5 million.
Burda can pay $15-20 million for "Salon press", tell two sources familiar with the course of negotiations. RBC sells non-core ID since the end of 2008 when the holding could not pay off on the credits and passed under control of the Onexim group of Mikhail Prokhorov. At different times "Salon press" Independent Media (IM, the Independent of Media), in Hearst Shlulev Media, Axel Springer were interested, but they did not accept the price of $30 million declared the seller. "Salon press" was considered as one of the last real applicants for purchase the entrepreneur Boris Belotserkovsky whose spouse Veronika manages ID "the Top — 50" (the Time Out magazines, Dog). The amount less than $25 million appeared in negotiations with it, and afterwards RBC was necessary to reduce the price again, the interlocutor of the edition claims.
From six divisions of RBC at the end of 2012 only three including ID "Salon press" were profitable. At revenue in 548 million rubles its net profit equaled 89 million rubles. For the first half of the year 2013 revenues of ID decreased by 4% up to 242 million rubles. Advertizing revenues of all federal interior editions in the first half of the year decreased, according to the analytical center "Video international" (ACVI), by 1% up to 453 million rubles excluding VAT.
Business models "Salon press" and Burda differ: the first is focused on advertizing, the second earns from implementation of circulation more, the expert of ATsVI Alexander Efremov notes.
Burda is the largest ID in Russia on total audience of magazines: according to TNS Russia, in May October, 2012 it is 18.6 million readers. "Salon press" on this indicator takes the 15th place from 2.8 million readers.
Onexim was redeemed by a share block from founders of the company
In November, 2013 it became known that the Onexim group redeemed a share block of RBC media holding from founders of the company Herman Kaplun, Alexander Morgulchik and Dmitry Byelik, reported to RBC the source close to the transaction. According to him, the shares were sold also by the ex-CEO of RBC-TV Artem Inyutin and the former Deputy CEO of RBC Sergey Lukin. Thus, founders of holding finally left the capital of the company: till the recent moment of the Remedy Trade company representing the interests of founders of RBC 6.17% of stocks of the company belonged.
Transaction amount does not reveal, however as of the end of the working day on November 12, 2013 capitalization of RBC at the Moscow Exchange made about 2.27 billion rubles. Thus, the market value of the redeemed packet is about 140 million rubles.
Top management regeneration
Sauer's influence in RBC became more considerable. By recognition of the CEO of holding Sergey Lavrukhin, Sauer from the very beginning interfered with operating activities of the company — up to that told whom it is necessary to dismiss and whom to employ. Sauer and Lavrukhin's conflicts became the ordinary phenomenon; in the summer of 2013 from journalists Lavrukhin learned that to it picked up replacement.
Nikolay Molibog was appointed the deputy CEO. Besides, the publisher of the The Moscow Times newspaper Ekaterina Son was a part of the management. In December, 2013 the former chief executive of Afisha-Rambler company Ekaterina Kruglova is appointed the deputy CEO of RBC holding.
Without having managed to purchase the Russian Forbes Derk Sauer decided to purchase not Forbes, but its command. At the end of November, 2013 the Chief Editor of the magazine to Elizabeth Osetinskaya headed edition RBC. Together with it many key staff of the edition, including the deputy chief the editor Valery Igumenov (headed the RBC magazine), the editor Elena Tofanyuk, the observer Irina Malkova and several correspondents left.
Molibog - the CEO. New board
In December, 2013 the solution of Board of Directors of the company, since January 10, 2014 Derk Sauer is appointed the chairman of the board of directors of RBC. Besides, since January 10, 2014, the post of the CEO of RBC is held by Nikolay Molibog before holding a position of the First Deputy CEO of the company.
"I am very glad that Nikolay will head RBC, - the acting CEO of RBC Derk Sauyer said. - For the last four months we created a new command of top management which will stimulate development of the company. Now, when the command under the leadership of Nikolay got to work, I can head Board of Directors of RBC again. I will continue close interaction with Nikolay for a successful completion of process of transformation of RBC".
The board of RBC was in addition updated. Since January 10, 2014 entered it:
- Derk Sauer, President of JSC RBC;
- Nikolay Molibog, CEO of JSC RBC (chairman);
- Elena Myasnikova, Vice president of JSC RBC;
- Alexander Lyubimov, CEO of RBC-TV Ltd;
- Ekaterina Kruglova, Deputy CEO of JSC RBC;
- Maria Erlandts, Deputy CEO of JSC RBC for finance and economy.
In 2013 the RBC holding conducted negotiations with creditors on debt conversion in an action which, however, were not crowned with success. At that time the debt of holding made $215 million. It was reported that RBC was succeeded to agree with a part of creditors about transfer of a payment due date, the holding paid off others on account of advertizing on resources.
On December 27, 2013 JSC RBC announces achievement of the arrangement with creditors on change of conditions of the credit agreement signed within debt restructuring in April, 2010.
Repayment periods of credit notes were as a result changed. In particular, repayment of notes of class A (the cumulative face value of $123.6 million) is postponed from May, 2015 for November, 2020, and repayment of notes of a class B (the cumulative face value of $78.1 million) is postponed from May, 2018 for November, 2022. Coupon rates on notes of A and B remain invariable. New conditions provide a payment deferral of interest income on notes And, saved up from November, 2013 till November, 2014, with the subsequent payment by equal parts in May and November, 2015. The interest accrued on notes And from November, 2014 will be paid each six months annually before date of complete repayment (the first payment will be made in May, 2015). On notes B interest income will continue to be charged, but not to be capitalized, with a delay on payment before repayment date of principal amount in 2022. At the same time the company is exempted from need of early repayment of a part of debt on A notes in 2013 and 2014.
Also the main limits which are contained in the credit agreement for acquisition and alienation of assets were lifted that will allow RBC to implement more effectively strategic and financial opportunities, thereby increasing business growth potential.
"I am glad that we at last can share this news as we the complete solution of a question with creditors waited for everything. It is very important step forward for RBC, and, in particular, next year it will allow us to aim all financial resources at business development", - the CEO of RBC Derk Sauyer said.
The creditors controlling 64% of cumulative face value of the voting notes voted for decision making, at the same time for approval was to exceed a threshold of 50% enough. It is expected that execution of the relevant decisions will be complete until the end of 2013.
Conditions of warrants and ruble bonds of JSC RBC remain invariable. The Renaissance Capital investment bank acted as the consultant for the transaction.
Agreement with the American agency BBG
In the report of General inspectorate of the USA for 2013 it is specified that RBC has officially signed agreement on cooperation with the American government broadcasting agency BBG.
Cumulative audience - 47 million people. Business results of year
The cumulative audience of RBC in December, 2013 made 47.4 million unique users (data of TNS).
Domains and hosting. Among new products of this direction there is a service of lease of servers abroad (in France and the USA) for the companies focused on the European and American users. Also in reporting period large-scale work on preparation for start of service of the VDS hosting intended for placement of the large corporate websites, storage of large volumes of information and applications testing for different operating systems is carried out.
Television. In reporting period within information support of the Paralympic Winter Games of Sochi 2014 where the RBC channel acted as the general partner and the official broadcaster, the Sports Will project within which in studio of the channel the issues connected with preparation of games and also in general were discussed with problems of disabled people in Russia was started. In addition to this project the following new programs were also added to a broadcasting schedule of RBC: "The book wood" (the program with participation of Victor Erofeyev and eminent persons of business and culture about books and literary hobbies), Asia (the program with Nikolay Velichko's participation about economy of Southeast Asia), "New legends" (the story about young entrepreneurs and their success in business), the business reality show "Call" (the training program for young entrepreneurs) and " Evtukhov.industry " (the program with Victor Evtukhov's participation telling about different aspects of foreign trade of Russia).
The average monthly scope of channel audience of RBC in Russia increased in a year by 11% to 22.6 million viewers in December, 2013. At the same time on average during the day the channel in the end of the year was watched by 3.2 million viewers, it is 22% more than a similar indicator of 2012.
Business press. Revenue of business printing publications of RBC decreased by 35% in the fourth quarter to 111 million rubles including due to the lack of the advertizing campaigns of alcoholic products in printing editions of RBC in the fourth quarter 2013 in comparison with the large volume of such advertizing in the fourth quarter 2012 (in view of introduction of the ban on advertizing of alcoholic products in printed media since the beginning of 2013). At this RBC it was succeeded to offset partially losses at the expense of budgets of other commodity categories.
In 2013 the RBC daily newspaper strengthened the positions as the second in number audience of the daily business printing publication and as the largest business newspaper on the Internet. The RBC magazine confirmed the status of the leader of the business press of the capital.
Prokhorov tries to expand media industry based on RBC
Having purchased RBC, Mikhail Prokhorov reflected how on its basis to construct really serious media industry. First it was going to integrate holding with Snob and the group "Live!", but, according to Jellyfish (May, 2016), he was dissuaded from it by representatives of both parties — both Sergey Lavrukhin, and Herman Kaplun. They hardly stopped Prokhorov as though begun to enjoy, from negotiations on other purchases in the media market.
"We as could from it refused — tells the source close to the management of RBC of that time. — Prokhorov regularly called Kaplun, and it looked from outside even ridiculously: yes, Mikhail Dmitrievich, thanks, no, only not Russian Newsweek".
The former chairman of the board of directors of RBC Lavrukhin confirms that negotiations with owners of Russian Newsweek, the German holding AxelSpringer, were really conducted:
"The transaction could take place. But we looked at a financial status of the magazine and did not find sense. The weekly press died in principle, and Newsweek was not an exception".
According to him, Prokhorov during 2010-2012 also considered the possibility of consolidation of the editions with media assets of the entrepreneur Alexander Mamut and his SUP Media group (among assets at that time — Livejournal and Gazeta.ru). Lavrukhin on behalf of Prokhorov conducted negotiations and with founders of private TV channel "Dozhd" (began broadcasting in 2010) Natalya Sindeeva and Alexander Vinokurov on possible merge to RBC, but the parties did not agree. At last, Prokhorov also looked narrowly at the largest private Russian news agency "Interfax": on its order in ONEKSIME investigated perspectives and risks of this transaction. However the co-owner and the CEO of Interfax Mikhail Komissar did not become interested in this offer, Lavrukhin tells.
Plans of a dopeimissiya of actions
April 9, 2012:
"We announced additional issue of shares at the beginning of 2012. Already told ONEXIM that it is ready to redeem 51% of an additional issue not to blur the share. Together with it more than 70% of the current shareholders said that they are ready to participate in issue. But until we announce the beginning of placement so we can implement it as fall current, and at the beginning of the next year.
The packet in RBC Money payment system is offered for sale
About RBC Money: RBC can sell the 74 percent packet in "Manya's RBC". But everything depends on the offer. We are ready to sell these assets, despite their high growth, but only for good money (Herman Kaplun, the CEO of RBC, April, 2012).
The same year sold to RBC the packet in the RBC Money system.
Sergey Lavrukhin is the head of RBC. Founders of the company leave
On April 10, 2012 it became known that Onexim (controls 51% of shares of JSC RBC) convened an emergency meeting of Board of Directors of the company which is appointed to April 13, the chairman of the board of directors of media holding Sergey Lavrukhin, the main question of the agenda — discharge from a position of the CEO of RBC Herman Kaplun told Vedomosti. It Lavrukhin should take the place, the current chief executive.
In crisis of 2008 the company lost means and could not cope with a debt load, it was threatened by bankruptcy. In the summer of 2010 Onexim, the redeemed 51% of shares of JSC RBC (on this legal person capital assets of media holding were transferred) agreed about debt restructuring of RBC. Founders of the company had 7.07% of stocks of RBC, were not going to change management of Onexim. At the end of 2010 Mikhail Prokhorov said to Vedomosti that though "partners from RBC on company funds decided to speculate a bit on actions and in crisis money disappeared, in terms of the business they acted successfully<...> At me with Herman [Kaplun] very good contact".
But since then "contact" worsened. "We reached a deadlock on a number of questions" — recognizes a source in Oneksim. Founders of holding, according to him, tighten a question of carrying out an additional issue of RBC as for preserving of a share they have no money for redemption of stocks, and funds for development are necessary for RBC. Besides top managers did not return the companies of $46 million lent during financial crisis in 2008, it continues: "They suggest to take away pledge on this credit — the stock of RBC which cost does not exceed $6 million now, and the rest to forgive".
At last, at Oneksim work of partners in TMT Investments raises questions: Kaplun and Morgulchik — advisers of this investment fund and also beneficiaries of offshore MacMillan Trading (owns 20% of TMT) — it is similar to work for competitors. On the website of the fund created in 2010 12 projects in which it participates are already specified.
"Last straw", according to the interlocutor of Vedomosti, became refused from Kaplun on the offer to settle all these matters of argument. Morgulchik said to Vedomosti that claims of Oneksim are unreasonable. Participation in TMT Investments does not violate the agreement of shareholders of RBC in any way, managers have no debts to RBC company, minority shareholders already agreed on all conditions of an additional issue, except the price, but it is defined just before placement, it lists counterarguments.
There are no reasons to change the CEO, he is sure: "Showed to RBC very good results at the end of 2011, and the forecast for 2012 positive". In 2011 revenue of RBC grew by 35% up to 4.7 billion rubles, and EBITDA — by 6 times up to 524 million rubles, the company reported. The basic reason of disagreements with Oneksim — payments of bonuses to top management of RBC for 2010-2011, approves a source of Vedomosti in holding.
The debt in $46 million is not repaid to the company, the board member of RBC Anton Kiryukhin, but official confirmation confirmed that money was borrowed by founders of RBC, was not. According to its version, the main claim of Oneksim to management that the offered plans for development of RBC are not supported with financing sources, and management, probably, is sure that it works correctly.
"The person who got used to be a co-owner psychologically will not be able to work as the hired manager" — the former colleague so tells him about Kaplun. If Kaplun leaves the company, then after him the company will be left practically by "all command" — at least, the top management, one of top managers of RBC predicts.
However, RBC is not the first media asset of Oneksim where the group resolutely changes all management and dismisses founders. In the fall of 2011 the holding dismissed the CEO of the media group "Live!" Yury Katsman and left the founder of the Snob project Vladimir Yakovlev.
SD approved sale of RBK Money payment system for $8 million, but the transaction did not take place
At the end of August, 2012 the Board of Directors of RBC approved sale of 74% of RBK Money payment system (i.e. all share belonging to RBC) to the Cyprian holding Trigale Investments Ltd. The announced transaction amount - $8.44 million according to Izvestia, the offshore acts for the benefit of the CEO of "Manya's RBC" Andrey Morozov who to the transaction possessed the remained 26% of the company.
The CEO of RBC Sergey Lavrukhin reported to the edition that RBC "will continue to cooperate with RBK Money". Besides, after RBK Money recognition by a non-core asset and information on the preparing sale which dispersed on the market, RBC was started on its platform by Travel RBC service (search of air tickets and hotels).
RBC of Roem.ru told that the RBK Money brand during the certain period will remain for Trigale Investments limited. RBC of Travel — the RBK Money project was also passed to the new owner within the perfect transaction.
As representatives of RBK Money told TAdviser later, the Cyprus holding company Trigale Investment Limited under control of JSC RosBusinessConsulting, initially owned RBK Money payment system after its acquisition in 2008 at founders of service. In 2012 within the sales plan of non-core (not media) assets, JSC RBC was going to sell RBK Money payment system to the strategic investor, but the transaction did not take place.
Prokhorov gets acquainted with Sauer and appoints him the chairman of the board of directors
In spite of the fact that the strategist Prokhorova Sergey Lavrukhin was connected to management of RBC, reputation problems of holding did not get to anywhere: at readers and colleagues still raised questions and too trusted relationships of RBC with advertisers, and quality of media products.
At the end of 2012 Mikhail Prokhorov got acquainted with Dutch Derk Sauer, the founder of Independent Media holding, the publisher of the Vedomosti newspaper. The source in group of ONEXIM tells that Prokhorov suggested Sauer to head Board of Directors of RBC — to bring editions of holding to qualitatively new level.
In 2013 Derk Sauer passed into RBC together with Elena Myasnikova (it is appointed the vice president of RBC).
Purchase of Ru-Center
In September, 2011 the company read plans for placement by an open subscription of 51,109,375 new actions for financing of purchase of the registrar of domain names conducting in Russia and Ru-Center hosting provider and also other transactions. As a result of it the total quantity of issued shares will increase by 16%, up to 370,000,000.
The major shareholder of RBC - the ONEXIM group which possesses 51%, - announced the intention to perform privilege of the redemption of 51% of the placed release. It is unknown whether other shareholders will use the privilege or not, however if to assume that Polyus Gold and company management which possess, respectively, 6% and 11% of stocks of RBC will not exercise the rights, then about 25 million shares will be sold in public market that will lead to increase in number of actions in free circulation for 24.5%, up to 127 million pieces
On September 28, 2011, chief executive ONEKSIMA Sergey Lavrukhin:
Media assets develop according to the budgets adopted for 2011. The main news concern RBC group. So, for example last week RBC was announced by a number of new acquisitions, having expanded borders of the presence at Internet business. It concerns closing of the transaction on purchase of 100% of business "Ru-center" and purchases of a controlling stake in the Internet portal "Ogorod".
Thanks to the first acquisition of RBC there is No. 1 in the Russian market of a hosting. Here growth perspectives very good as rates of development of high-speed data networks and respectively number of Internet users in Russia there will be high some more years.
As for purchase of the Internet portal OGOROD is first of all purchase of technology and base of location-based service. This very trend direction of development the Internet of services and especially, in view of integration of the KITCHEN GARDEN portal with communication service QIP, we wait for considerable effect in this direction. Speaking about QIP which is adapted now and under the Android system - in the first day of QIP recorded the record number of downloads and entered in top-5 applications on Android Market. It is possible to tell without modesty that we in a trend, having put emphasis on development of mobile applications.
At RBC-TV is what too to boast in 2011, namely the new transforming studio executed state-of-the-art.
Besides there was one more significant event - agreement signature about editorial cooperation with the world leader in the market business of news – Bloomberg TV company which as we calculate, will be closer in respect of strategic cooperation and exchange of content.
Alexander Lyubimov headed RBC-TV
On November 16, 2011 it became known that the TV reporter Alexander Lyubimov headed business channel RBC TV. Lyubimov released Artem Inyutin who became the chairman of the board of directors of RBC-TV now from a duty of the CEO of channel. As Inyutin reported, Lyubimov is faced by a task of further development of the channel and increase in its audience. Besides, in the nearest future on RBC-TV new news and analytical programs should be started.
Still on November 7 Lyubimov confirmed that he is engaged more than a year in consultation of the channel, and added that the holding began to conduct with it "different negotiations" concerning further cooperation.
The collapse of stocks for 30% in two weeks
Stocks of RBC media holding in more than two weeks of November, 2011 fell in price almost by 30%. The company explains the collapse of quotations with exchange speculation, but not results of business or plans of an additional issue.
The fluctuations of stock quotations of RosBusinessConsulting holding which are taking place at very high business volumes can be connected with market manipulation, said in the statement of management of the company published yesterday. Also the controlling shareholder of media holding — the Onexim group adheres to the same version. "We have no clear understanding that happens to actions, we suspect that there are big speculative transactions with the large volume of biddings — the chief executive of Oneksim and the chairman of the board of directors of RBC Sergey Lavrukhin said. — Therefore we addressed to FFMS and this Friday we will bring together the emergency Board of Directors of RBC on this matter".
Since the end of October, 2011 of a stock of holding fell in price almost by 30% — from 21.89 rub for an action on October 27 up to 16 rub to closing of yesterday's biddings. At the same time average daily turnover grew from traditional 9-11 million to 170.8 million rubles (on October 27) and reached a maximum in 317.6 million rubles on November 11. Sharp scope change of biddings and quotations began on October 27 — this day the Board of Directors of holding appointed a meeting for the adoption of additional share issue. Council unanimously approved release of 51.1 million new actions (13.8% of the increased authorized capital), the sales agent of papers selects Aton, the price of placement is not determined yet. Lavrukhin does not see connection with falling of quotations here, RBC did not get permission of FFMS to carrying out an additional issue yet, he specifies, and it is not known yet whether the company will place new shares until the end of 2011.
"After the declaration of additional issue often there is a decrease in quotations. But it not the rule — the analyst of UBS bank Svetlana Sukhanova says. — Most likely reason in this case another". But Sukhanova does not know it. The company in the statement claims that negative dynamics of quotations is not connected with operating activities of holding as all three main directions of business of the company "show growth of revenue".
However, follows from the published report of JSC RBC on RAS that at the company nearly 346 million rubles uncovered net loss owing to change in the exchange rate of currencies collected (the main part of a debt is nominated in currency - it is $280 million from EMIS Finance). Lavrukhin says on it that it is necessary to look at the reporting under IFRS in six months according to which the company has a net profit. So additional share issue is necessary to RBC not for a covering of losses, and for business development and transactions M&A, the top manager assures. Onexim we will participate in an additional issue and will retain control over RBC, he specified.
Sale of non-core assets
On November 22, 2011 the Board of Directors of group of RBC made the decision on sale of non-core assets for ensuring financing of the investment program of media holding for 2012.
"In case of implementation of all non-core assets the company will be able to implement in full the planned investment program", says RBC.
The Board of Directors charged to management of RBC to hold negotiations, to prepare the sales plan of non-core assets and to provide the final solution for consideration of council until the end of 2011.
The media holding also decided to postpone placement of additional stocks of the company in connection with the bad market situation. The Board of Directors of RBC made the decision to discuss expediency of the actual implementation of an additional issue, terms began also the price of its placement with spring of 2012 "depending on market conditions which will be at that time time".
On December 20, 2011, in an interview the chief executive of the Onexim group Sergey Lavrukhin gave information on plans of implementation of non-core assets of RBC: ): "We consider that we purchased RU-CENTER at least twice cheaper, than it costs now, and at consolidation with our hosting assets can cost even more. We decided to purchase this asset at the end of summer of 2011, within three days brought together Board of Directors, voted, entered the transaction, signed obligations, and today, having merged the assets, we get player number one with more than 50% control of the market of domain names and a hosting in Runet.</blockquote>
The market of domains grows every year, and the fourth year in a row growth is 20-25%. For the next four years growth is also predicted. It is possible to compare Russia to the same Germany where 90 million inhabitants and in 6 times more domain names. Of course, we depend on development of a telecom in Russia: as quickly in the small cities of the country the broadband Internet will appear. It pushes the market of related services, the market of domain names and a hosting. We are leaders in this segment, we grow together with the market and even quicker. To close the transaction with RU-CENTER, RBC has a need for attraction of money. We can carry out additional share issue though now not the best market situation. We can look how now it is more interesting to sell Salon or to sell a share in Mango Telecom, and through sale of such non-core assets which reduce growth rates of all holding, to shift money from one non-core asset in another - profile. For example, money from Salon which can provide 10% growth, invest in hosting business which will give the 25% growth and higher marginality. In publishing business marginality of 12-15%, and in hosting it is possible to reach – 20-25%.
We have an offer from large bank to purchase RBC-Money service. We are going to make the decision within a month: either to sell, or to develop. The Segment connected with electronic money in a year grew on turnover of means on purses of users and by the number of users by 75% in comparison with 2010. On "Salon press" we will resolve also in the nearest future an issue.
On travel business not such high price of the transaction. The cost of our packet is estimated at 3-4 million dollars, by it for us the insignificant amount which will not solve a problem, it is not basic.
"We have a Salon-press publishing house which brings money and in which we possess 80%, but for us it is a non-core asset. We build the multimedia company with a big share of Online projects and new technologies. Businesses in which there are components of the Internet, a telecom and technologies are estimated by investors and the market with higher multiplicator, than traditional media. It gives big growth rates even in a present unstable situation in the market. At the end of November of RBC reported for the third quarter and 9 months 2011. Revenue from the Internet segment grew in nine months 2011 more than by 50% in comparison with the same period of 2010. Even at the existing turbulent situation we see that the Internet grows. And at Salon for the same period growth was only 5%. At consolidation of results average growth on the company is 32%. It turns out that Salon pulls down. Several buyers apply for this publishing house. It is clear, that if were on sale two years ago, it would be possible to be on sale more expensively. In it you will not guess. It is possible not to sell today, to postpone for a year and to receive a situation even worse, than now. "Salon" - the leader in the segment, many of the existing publishing houses do similar products in a segment of design of apartments, but not at all it turns out to implement successful projects. "Salon Press" historically occupied this niche and surely is in the lead, taking away, by our estimates, about 50% of the advertizing market in this segment. Many competitors want to purchase such asset to amplify. All complexity of the transaction - in parts, first of all in the price at which we are ready to leave this asset" (on December 20, 2011, the chief executive of the Onexim group Sergey Lavrukhin).
- Share exchange of JSC RBC Information Systems on the stock of JSC RBC is complete;
- Stocks of JSC RBC are transferred to quoted list "B";
- 5 heads of RBC were among the best in the field of media industry in the annual rating of "Top-1000 of the Russian managers".
Friedman, Usmanov and Chemezov discuss purchase of RBC
Creditors began to look for buyers; also owners were engaged in the same. In this quality the head of Alfa Group Mikhail Friedman, the owner of Kommersant Publishing House Alisher Usmanov and even the head of Russian Technologies Sergey Chemezov whom Kaplun allegedly met were discussed.
Mikhail Prokhorov became the real buyer. According to one version, he was convinced by the CEO of RBC of that time Yury Rovensky; on another, Prokhorov his old acquaintance Chemezov strongly recommended to purchase an asset].
Polyus Gold receives 11.43% in head company RBC
In February, 2010 JSC Polyus Gold announced acquisition of a share in the head company of RBC holding. As it appears from the message, Polyus Gold acts as the owner of 11.43% of the stocks "RBC Information Systems" since December 23, 2009. According to the source in the group of ONEXIM of Mikhail Prokhorov conducting negotiations on acquisition of a controlling stake of media holding, Polyus Gold became the shareholder of RBC, having received company assets "Rbusiness Upravleniye aktivami" which at the end of 2009 submitted the application for own bankruptcy. "Actually Polyus Gold was also the owner of these assets. Just now they return to its ownership from trust management" — specifies other source,, close to Mikhail Prokhorov's structures,.
"Rbusiness Upravleniye aktivami" after the section of assets of Vladimir Potanin and Mikhail Prokhorov departed to mister Prokhorov, but at the beginning of 2009 he sold the company to its top management. Rbusiness managed assets of Polyus Gold, but incurred losses and on December 22, 2009 submitted the application for recognition of by the bankrupt. Still earlier, in November, 2009, the arbitration court Moscow decided to exact from Rbusiness for benefit of Polyus Gold 4.858 billion rubles of losses as a result of poor control. The gold mining company was the largest creditor of Rbusiness, about 1.35 more billion rubles from the company required non-state pension funds"Welfare", "Transneft" and "Norilsk Nickel".
The source close to RBC considers that change of the shareholder will have a positive impact on restructuring process. "One creditor it is less" — he explains.
In the middle of February, 2010 capitalization of RBC made 4.8 billion rubles. Proceeding from this assessment of 11.4% of stocks cost 548 million rubles.
Debt restructuring in $235 million
On April 2, 2010 it became known that about a half of creditors of RBC signed agreements on restructuring of its debt in $230-240 million. Just the day before the Arbitration court of Moscow released key company assets. The group of creditors included Alfa-Bank, MDM Bank, Deutsche Bank, Gazenergoprombank and holders of credit notes of CLN Recovery Ltd. It was confirmed by the director of the department of MDM Bank Anton Kiryukhin, representatives of other banks refused comments. According to Kiryukhin, about 50% of a debt of RBC which is estimated at $230-240 million are the share of "initiative group"].
Under the terms of restructuring a half of a debt will be converted into five-year bonds with profitability of 7% per annum, and other half — in eight-year-old under 6%. Agreed to such conditions will pay another 5% of a debt money. This option accepted, in particular, MDM Bank, Kiryukhin told. It is offered to receive to the creditors not ready to wait so long a part of the second half of a debt money, and to write off a remaining balance. Besides creditors will receive the share options of RBC: on the first half of a debt of 200 actions for each $1000 a principal debt, and on the second — from 200 to 442 actions depending on the selected option.
RBC is going to sign similar agreements with other creditors until the end of April, 2010 and to complete restructuring in two months. Issue new bonds and options there will be RBC-TV Moscow Ltd in which capital assets of RBC will concentrate.
The arbitration court of Moscow released these assets, his press secretary Dmitry Tafintsev told Vedomosti. Providing is removed according to the petition of Polyus Gold. 35% of stocks of Polyus Gold belong to Prokhorov and the company did not object to restructuring, tells a source in Oneksim. And the director of investments of Oneksim Vladimir Pakhomov added that removal of arrests — a necessary condition for closing of the transaction.
On June 2, RBC will begin to pay off, told Vedomosti managers of two creditor banks of holding. According to one of them, calculations should be complete before the end of the week, another reminds that the diagram of calculations at everyone individual. The manager of the third creditor bank says that the probability to close the deal on exchange of debts by the end of the week "is high".
The debt of RBC makes about $230 million. On a half of a debt creditors will receive five-year credit notes with a rate of 7% per annum. Along with their repayment in 2015 creditors will receive a difference between the market share price of RBC and at the cost of $2. Creditors could select a form of repayment of the second half of a debt — or eight-year bonds under 6% per annum with the same option, or 20-28.5% of all debt money at once, and 21.5-30% are written off. At last, RBC will pay additional 5% of the total amount of a debt to all creditors as compensation for patience at once. The manager of one of creditor banks says that the majority preferred the first, paper option.
More than 90% of bondholders and almost all creditor banks signed or agreed to sign the agreement on restructuring, managers of RBC, Oneksim and creditor banks say.
As soon as the debts of RBC are restructured, the Onexim group of Mikhail Prokhorov should acquire 51% of shares of new head company RBC — "RBC-TV Moscow" for $80 million. Consent to restructuring of 85% of bondholders and all banks was a condition, and now this condition is almost satisfied.
Almost — because remains not clear whether Bank of Moscow to which RBC owed $17 million and in which claim District court of Nicosia in April, 2009 arrested assets of RBC in Cyprus will join restructuring (including EDI Press, it controls ID Salon of press).
Mikhail Prokhorov receives control over RBC of $80 million
Mikhail Prokhorov's group of Onexim became the owner of a controlling stake of RBC-TV Moscow Ltd, head company of RBC holding. Transaction amount was 80 million dollars. Onexim acquired 51.1% of shares of the company. The remained 48.9 percent of shares of closed joint stock company will be distributed between owners of JSC RBC Information Systems, the former head company RBC. Prokhorov's share in RBC-TV Moscow Ltd will exceed a mark of 51.1 percent as his company "Polyus Gold" already possesses about 11.5 percent of shares of JSC RBC Information Systems. The Onexim group is not going to change management of RBC.
Distribution of shares of shareholders of the head company to the transaction with Oneksim looked so, %:
- Kaplun Herman, Byelik Dmitry Gelyevich, Morgulchik Alexander (19.85)
- Unicredit Securities (8,87)
- Polyus Gold (11.5)
- Row Price International Funds (5,6)
- Lukin Sergey 0.36
- Inyutin Artem 0.3
On September 27, 2010 JSC RBC-TV Moscow announced completion of the transaction with Braddy S.A. company which possesses the Internet portal iGlobe.ru. As a result of this transaction of RBC acquired 25% of shares of one of the largest resources of online hotel booking and air tickets. Negotiations on the conclusion of the transaction between RBC and Braddy S.A. were begun in 2008, but process only in September, 2010 came to the end.
2009: Default and debt restructuring
Negotiations with creditors
On January 15, 2009 RBC at office of his financial advisor of UBS makes offer to creditors on debt restructuring. At that time the total debt of RBC made $235 million. It was offered to exchange all debt for two eurobond tranches with repayment in 2010 and 2012 taking into account 80 percent discounting of a debt. According to papers of the first tranche investors could receive coupons in the amount of 10% per annum, papers of the second tranche had to become non-coupon. As compensation for so disadvantageous conditions it was offered to owners of new papers in date of their repayment in 2010 and 2012 to convert a debt into 30% of stocks of RBC. In reply investors demanded a 90 percent share in business, estimating holding at $50 million while shareholders insisted on assessment in $160 million. Then co-owners of RBC told creditors that the company locates $11 million available funds, but by February 11, 2009 this money should end.
In the middle of February, 2009 RBC and UBS sent to the creditors the issued offer on debt restructuring, Kommersant told a source in RBC. Now suggested to release RBC eurobonds for the amount of $216 million, the employee of one of creditor banks confirmed to Kommersant. The media holding promised to repay not 20% of the debt, but all 100%: 20% will be extinguished in 2012, and the remained 80% — in 2019. The coupon rate on eurobonds of RBC will be 5% per annum, and payments for the coupon will begin only in 2010. The new agreement unlike previous did not mean entry of creditors into capital stock of the company, but agreed creditors will be able to participate in audit commission on check of a financial status of RBC up to 2019, reported a source of Kommersant.
"Give us free money for ten years" — Kommersant commented on the offer of RBC the representative of one of creditor banks.
The chairman of the board of directors of RBC Herman Kaplun did not begin to comment on the new scheme. "We actively work and we communicate with creditors" — the businessman was laconic. The source in top management of RBC reported that with the largest creditors oral agreements concerning restructuring are reached, but documents are not signed.
"On it about two months can leave — he reported. — Now the company has money, until the end of a month they precisely will be enough. The next bond redemption will take place in March".
Meanwhile creditors began to make already legal claims to RBC. According to the website of arbitration court of Moscow, a claim was submitted by The Royal Bank of Scotland bank, the amount of claims was 5.17 million rubles. The CEO of RBC Yury Rovensky claims that he does not know of the claim so far. In December, 2008 RBC had to extinguish credit notes (CLN) for the amount of $45 million, but did not make it. According to market participants, "a considerable part" of release was bought by BM-Bank Russia. Other release of credit notes for the amount of $100 million from which $43.5 million are in circulation had to be extinguished in June, 2009 (a default is declared); MDM Bank acted as the buyer of a large packet of these papers. RBC also emitted two bond issues for the amount of 3 billion rubles: 1.5 billion rubles of them needed to be extinguished in March, 2009 (a default is declared), the rest - in July (a default is declared).
Interros is ready to redeem an additional issue of RBC
In April Interros announced that it is ready to redeem additional issue of shares of RBC for $90 million, after that 41% of debt will be paid to creditors by money, another 36% — are written off, and for 23% of a debt bonds of three and five years will be issued. The total debt of RBC Interros estimated approximately at $220 million.
At the same time, district court of Nicosia met the requirement of Bank of Moscow about a seizure of property of RBC which is in jurisdiction of the Republic of Cyprus, the manager of one of RBC creditor banks told Vedomosti. According to him, it is an interim measure in the claim of Bank of Moscow to media holding which was submitted in March to the London international arbitration court. This information was confirmed by a source in to RBC, without specifying a part.
According to RBC for January 1, 2009, it had several Cyprian "subsidiaries", including EDI S Press. This group registered in Limassol controls a number of the companies publishing and distributing in Russia and in Ukraine the magazines "Idei Vashego Doma", "Interyer-magazin", "Salon-interyer", etc. According to financial statements of RBC for 2007 according to IFRS, in 2007 fair value of assets of EDI S Press was estimated at $14 million.
In Nicosia two other "subsidiaries" of RBC — RBC Investments (Cyprus) Ltd are registered. and Ad Net Ltd. The first in June, 2006 borrowed Dresdner Bank of $100 million — this credit became providing credit notes (CLN) placed a month earlier. In 2008 RBC ahead of schedule repaid the most part of this credit — for $56 million, the rest should be extinguished in June, 2009.
According to the similar scheme RBC Investments borrowed from Barclays Capital Bank in December, 2007 $45 million, having released CLN on bail of this loan (Ad Net was one of guarantors). It was necessary to repay these papers in November, 2008, but RBC agreed with Barclays about "time prolongation of a repayment period". It did not open new repayment periods. Bank of Moscow — the large holder of this release of CLN and its requirement are connected with repayment of papers, managers of two large creditors of RBC claim.
RBC in top three of Runet: audience of 14.4 million people
According to measurements of TNS, the Russian audience of 20 RBC online projects made 14.4 million people in April, 2009. About 4 million users at least time in a month visited pochta.ru, readme.ru services and the dating site loveplanet.ru. The news rbc.ru portal brought together 3.8 million visitors, a video hosting of smotri.com — 2.7 million, the website of the RBC daily newspaper — 744,500.
More than 1/3 audiences of RBC (5 million users) are the share of the website qip.ru. From this website download the QIP messenger — the program for communication similar to ICQ and even using its protocol. According to Finam, audience of the messenger — about 10 million people; it is only a little less, than at ICQ (11 million) which appeared for nine years earlier.
May, 2009 - UK "Kapital" submitted to Arbitration court of Moscow a claim to RBC on 69.5 million rubles. The claimant accuses RBC of non-execution of obligations for payment of the annual coupon and the offer on bonds. In March of RBC did not repay exchange-traded bonds on 1.5 billion rubles and did not pay the annual coupon on them.
Till 7/31/2009 action of the offer on debt restructuring of RBC is prolonged. Onexim redeems 65% of the quadrupled capital for $35 million, 10% are received by creditors of RBC. Then they receive 8% of a debt and write off 45% (or 65%) and prolong a remaining balance for seven years (for three years)
June, 2009 - on June 11 the Board of Directors "RBC information systems" (RBC of the IC) approved five transactions turning the head company of media holding into the minority shareholder of two self-sufficient groups of assets with the looped-back scheme of ownership. In particular, as it appears from the minutes, council unanimously decided to sell 51% of shares of RBC of Media LLC (issues the RBC daily newspaper) to its 90% "subsidiary" — ID Nashi dengi LLC for 25 million rubles. Sale of 80% of RBC holding Ltd to its 99% "subsidiary" — TVR production LLC for 40,000 rub was at the same time approved (the copy of the protocol is available for Vedomosti).
Two ring structures which got permission to purchase 100% of RBC-TV from council of RBC of the IC, controlling the TV channel of the same name (for 178 million rubles), 80% of "RBC of advertizing" (for 8000 rub) and 80% of RosBusinessConsulting controlling the news agency of the same name are as a result created (for 27,000 rub). At least four of these five transactions already took place, follows from information on the website of RBC (the holding did not announce the transaction with participation of "RBC of advertizing" yet).
Independent directors Hans-Joerg Rudloff, Michael Hammond and Neil Osborne did not participate in this meeting. The decision was made by founders of RBC Herman Kaplun, Alexander Morgulchik and Dmitry Byelik, the CEO of RBC of the IC Yury Rovensky and also the board member of RBC of the IC Artemy Inyutin and the owner of 0.36% of stocks of RBC Sergey Lukin.
As a result of five transactions for the amount of only 203.08 million rubles ($6.5 million at a current rate) RBC of the IC ceased to control the capital media assets. Though it remains the defendant in all debts (about $220 million, including 3 billion rubles of obligations under bonds). Negotiations on restructuring of this debt still go, Kaplun told Vedomosti on Friday.
Comment on transactions as a result of which RBC of the IC lost control over assets, Kaplun did not become: "Early still, the final version of restructuring is not approved".
For managers of Raiffeisenbank and MDM Bank (large creditors of RBC) such scheme of reorganization "is not a secret". There is a risk that now creditors will not be able to receive assets of RBC as a deposit, the director of the department of MDM Bank Anton Kiryukhin recognizes, but everything will depend on further actions of RBC. The representative of one more creditor — Bank of Moscow refused comments.
The minority shareholder of RBC — UK of Rosbank (owns 11.43% of RBC of the IC) long ago suspecting the company of attempts to display assets is much more concerned. The transactions approved by council of RBC on June 11 — transactions with interest and had to vote only independent directors, the CEO of UK of Rosbank Vladislav Bessarabov is sure. And if to prove in court that transactions took place by the underestimated assessment, they can be nullified and — shareholder meeting should approve large deals, it continues. Promises to decide on actions of UK of Rosbank this week.
In transactions between parent company and "granddaughter" there are signs of interest, the partner of Dobronravov and Partners law firm Yury Dobronravov agrees; the CEO of RBC of the IC and board members as interested persons, could not vote. To really recognize these transactions and invalid, he considers: it is necessary to prove that their fair value exceeds 2% of the book value of assets of RBC (for March 31, 2009 2% made 186.3 million rubles). The assets brought out of RBC — RBC TV, RosBusinessConsulting and RBC daily — key for holding, is sure Yulia Gordeeva from Deutsche Bank; their market value cannot be 19 times lower than capitalization of the holding.
On June 29 the CEO "RBC Information systems" Yury Rovensky announced that he resigns from authority. His resignation, as well as appointment of the new CEO, will be considered on Board of Directors which date of a meeting is not appointed yet. Yury Rovensky leaves RBC since July 1. Yury Rovensky passed into ONEXIM and will supervise negotiation process on restructuring of RBC already from one of shareholders.
On July 8 reported to RBC that previously agreed about debt restructuring from 50% of creditors. The scheme offered creditors provides separation of a debt into two parts — 25% and 75% — and their converting in credit notes with repayment in 2012 and 2014 according to. Profitability by the first part of papers can make 12.5% per annum, on the second — 15%. As pledge on new debts capital assets of holding will act. Time for reflection — till July 21.
Kaplun does not call the creditors who approved these conditions. Vedomosti found only one — Absolyut bank. "We think, but are inclined to agree" — the vice-president of his board Anatoly Maksakov told. The representatives of other 13 largest creditors polled by Vedomosti did not confirm even prior consent. But managers of two banks told that at least five creditors do not agree with conditions of RBC — Alfa-Bank (in addition to $41.8 million exacts through court 253.8 million rubles on bonds), Bank of Moscow (the Kaplun's debt to it estimated at $17 million), UK of Rosbank ($9 million on credit notes and 135 million rubles on bonds), Raiffeisenbank (bonds on 109 million rubles) and Royal Bank of Scotland (5.2 million rubles). Total amount of obligations of RBC before them — about $83.5 million. The CEO of UK of Rosbank Vladislav Bessarabov and the manager of Alfa-Bank confirmed disagreement with the offered scheme, in Bank of Moscow refused comments, it was not succeeded to contact two other banks.
The chairman of the board of Barclays Bank Hans-Joerg Rudloff (to this RBC bank owes $19 million) did not see the final offer of RBC yet. UK "Kapital" (about $7 million) is not among agreed too, the analyst of the company Fedor Naumov added. Thus, or discordant $109.5 million, or nearly a half of a debt of RBC are the share of undecideds. With many of them there is "positive dynamics" in negotiations, Kaplun assures.
The company is going to reduce a share of printing editions in the business. It is supposed to save only two printing editions – the RBC daily newspaper and the RBC magazine. According to G. Kaplun, these editions will hardly be highly profitable, but will quite carry out soy a task in case of the profitability. Other printing editions are going to be sold. In particular, the company intends to sell magazines of Salon in 2010.
Her CEO and the co-owner Herman Kaplun estimates the general size of a debt of RBC for July 8, 2009 at $221.8 million, including:
- Alfa-Bank ($41.8 million according to forward contracts and 253.8 million rubles on bonds),
- Barclays Bank ($19 million).
- BM-Bank Russia ($17 million),
- UK of Rosbank ($9 million on credit notes and 135 million rubles on bonds),
- UK "Kapital" (about $7 million)
- Raiffeisenbank (bonds on 109 million rubles)
- Royal Bank of Scotland (5.2 million rubles).
On July 17 mass media reported that the Arbitration court of Moscow seized the assets until recently belonging to RBC, and at the end of June brought out of holding. Arrest of assets is carried out after UK of Rosbank filed a lawsuit the actions for invalidity of five transactions as a result of which RBC was lost by control over key assets, and demanded to return them on balance of RBC Information Systems company. It complicates negotiations on debt restructuring of RBC in $220 million according to the scheme offered by the company and can open the road to the new offer Oneksim.
On July 21 it was announced that founders of RBC agreed to the offer of Onexim. It is supposed that Onexim will pay $80 million for 51% of the authorized capital of RBC increased during an additional issue and will receive the majority in Board of Directors, and the operational management will remain the same. According to the source, close to Oneksim, a half of the amount from placement of new stocks — $40 million — will go for repayment of debts, the company will aim the rest at the development. It is offered to write off about another 30% of a debt, and 50% — to re-structure, noted a source, without having specified parts.
The transaction between Oneksim and RBC will become effective in case of consent from "a certain number of creditors", said in the joint press release. One more condition — development of the detailed business plan of RBC for 2009-2010 and implementation of corporate and legal measures for business restructuring, increase in its transparency and controllability. The source in the Onexim group reported to Vedomosti that return on balance of RBC of stocks of subsidiary companies which were output from under control of holding from the sanction of Board of Directors will also be an indispensable term of transaction.
On July 28 the Onexim group of Mikhail Prokhorov and RBC sent to creditors of holding the offer on restructuring of its debt. Creditors are offered to convert a half of debt ($90 million) into five-year bonds of RBC or "new holding company" with a rate of 7% per annum (in dollars). Restructuring of the second half assumes two options. Creditors can sell it for 36% of face value, i.e. receive at once 18% of debt, having written off another 32%. And banks and management companies for which complete return of invested funds is necessary can convert the second half of a debt into eight-year bonds also with a rate of 7% per annum and receive in addition 4% of the total amount of a debt.
The offer Oneksim was supported not only by managers — founders of RBC, but Unicredit Securities (17%) and UK of Rosbank (11.5%), their representatives told. Carrying out an additional issue requires the consent of 75% of shareholders, about 55% already agreed, approves the source close to one of shareholders of the company.
On July 29 it became known that the Arbitration court refused to UK of Rosbank the claim against RBC concerning failure to enter their candidates in the list for vote in Board of Directors at shareholder meeting in April of this year.
On August 5 it became known that large creditors of RBC — Alfa-Bank, MDM Bank and Bank of Moscow — do not agree with the offer "Oneksima" on debt restructuring of media holding. This offer "unfairly bad", the manager of TKB considers (RBC owed it 171 million rubles on bonds). It is necessary to reduce terms of restructuring or to increase a rate and the amount of the first payment and also to make Onexim the guarantor on new bonds, other creditor considers. In particular, MDM Bank suggested to refuse write-offs, to increase a rate on five-year bonds twice, to pay at once 30% of a debt, and to convert 20% into stocks of RBC. The source close to Oneksim confirms that banks insist on higher rates and guarantees. But the group will not go for cardinal changes, he warns.
In new Oneksima option which became known on August 25, 2009 the volume of the first payments is increased and providing on all bonds in the form of stocks of the "subsidiaries" generating at least 85% of revenues of holding is offered two creditors told Vedomosti. In the July proposal of group of Mikhail Prokhorov of "subsidiary" of RBC acted only as guarantors on bonds. Also Onexim suggests creditors to receive at once 25% of a debt money (at execution of a number of conditions), having written off another 25%. Onexim as much as possible considered wishes of creditors, the manager notices it, you should not wait for new modifications. Validity period of this offer expires on August 28.
On September 1 Onexim submitted the new offer to creditors. In the new offer there are several digital differences from previous, sent a week ago. The rate on bonds remained the same (7%), but options in the form of "phantom" stocks of RBC were added to it, bankers told Vedomosti. About 15% of stocks of RBC will be selected for these purposes, knows one of them. Participation in growth of capitalization of RBC is actually offered to creditors, other creditor explains: they will receive a difference between the present cost of papers of holding (the last transaction with stocks of RBC went to RTS on July 28 $1.05 apiece) and future price — at achievement of a certain level. The option can be performed at $2 for an action, one more creditor specifies. It will be possible to receive a difference at the end of circulation period of bonds, and options — to resell, other interlocutors of Vedomosti say.
The amount of the first payments and write-offs changed too. Before suggested to pay Onexim 18% (another 32% are written off) or 25% (25% are written off) at once — the last perhaps if holders no more than 65% of the second half of a debt (no more than $67.275 million) pro speak. Now the group is ready to pay from 20% to 28.5% (at write-off of 30% and 21.5% respectively), the condition about 65% remains, i.e. will be paid by money from $38.3 million to $41.4 million (before — from $33.6 million to $37.3 million). One more change — the amount of the first payments agreed to eight-year bonds from 8% to 10% of the second half of a debt is increased.
The last offer Oneksim significantly pulls together positions of negotiators, Vladimir Potapov considers investment managing UK "Troika Dialog" (the large creditor of RBC), and if it is supported by other creditors and shareholders of RBC, UK "Troika Dialog" will join them. The chairman of the board of Barclays Bank Hans-Joerg Rudloff (about $20 million a debt of RBC are the share of this bank) emphasized that its bank already actually agreed: "This good and fair offer which considers the interests of creditors and also capability of the company to pay off on debts — and restructuring should be carried out". The source close to Alfa-Bank, only confirmed the fact of negotiations with Oneksim.
Other creditors call the last proposal of group of Mikhail Prokhorov responsible and speak about basic readiness to accept his conditions. The source close to Oneksim claims that practically all agreed and this week, perhaps, it will be possible to finish restructuring. But among discordant — Vnesheconombank (202.3 million rubles) and Bank of Moscow (about $17 million) of which about 11% of debt are the share, he makes a reservation.
On September 24 it became known that RBC submitted a claim to Alfa-Bank to Arbitration court of Moscow about recognition invalid the judgment. The speech about the decision of the International commercial arbitration court at CCI which confirmed claims of bank to RBC for $28 million is told by sources, close to both parties.
On September 25 the source of Kommersant in Raiffeisenbank reported that the bank received the writ of execution about collecting 108.8 million rubles with . The director of investments ONEKSIMA Vladimir Pakhomov who is engaged in the transaction on debt restructuring of RBC knows about it, but it is not aware that Raiffeisenbank intends to undertake now.
Raiffeisenbank submitted a claim to arbitration court of Moscow for collecting from RBC of 108.8 million rubles on exchange-traded bonds on April 30 this year. It is about the bonds issued in March, 2008 (the nominal value of release — 1.5 billion rubles, the coupon size — 12.25% per annum): On March 24 this year RBC had to extinguish all release, but did not make it. On July 2 the court satisfied the claim of Raiffeisenbank, but the defendant took the Ninth arbitration Court of Appeal with the complaint in which the decision of arbitration court of Moscow was disputed. On September 2 the appellate instance issued the resolution which upheld the decision of the first judicial authority.
According to the website of arbitration court of Moscow, in joint stock company Royal Bank of Scotland has a decision on money recovery at least still. On June 18 this year the court made the decision according to which JSC RBC — Information Systems, RBC Center LLC and RBC-TV Ltd should pay to bank $5.23 million on the credit.
Having received the writ of execution, the creditor can not collect debt, and agree about restructuring. If the decision on collecting is made, the creditor goes with the writ of execution or to service of court ushers, or directly to the bank servicing the borrower. "V etom sluchaye bank will be obliged to transfer everything the funds for the account of the creditor arriving to the borrower account" — the lawyer of NPKA "Lawyers of the Capital" Pavel Lambrov explained. He noted that if RBC refuses to repay voluntarily the debt, court ushers also, most likely, will resort at first to a non-acceptance write-off of means. "If money will be not enough, then police officers can arrest a corporate property which further sale will allow to pay off a debt" — mister Lambrov added.
The CEO of RBC Herman Kaplun considers that Raiffeisenbank will not manage to return money using the writ of execution. "If I am not mistaken, it is the first writ of execution at our creditors. But anyway the non-acceptance write-off will give nothing as JSC RBC — Information Systems is not operating company, into its accounts money can arrive only from child structures" — mister Kaplun told. He specified that on balance of joint stock company there are "some equipment and actions which can be put".
According to the reporting of joint stock company under RAS for the second quarter, revenue of the company made 3.9 million rubles. At the same time in a quarter the company spent almost all money on accounts: if at the beginning of the period there were 97.38 million rubles, then at the end of the period — only 26 thousand rubles. At the same time for the end of the second quarter on balance joint stock company was the short-term financial investments for the amount of 509.8 million rubles Herman Kaplun added that the company is in a decisive stage of agreement signature about debt restructuring. "Process was dragged out as there is a lot of creditors, and all have the vision of restructuring. If we resolved an issue quicker, then creditors would already return a part of the money" — mister Kaplun commented.
The source in top management ONEKSIMA told: "We hope that upon obtaining the writ of execution process of recovery by enforcement of means will not be initiated". "We have oral arrangements with Raiffeisenbank on debt restructuring, bank representatives did not refuse them yet" — added a source in ONEKSIME.
Capitalization of RBC on MICEX for September 24, 2009 made $172.28 million.
On October 1, 2009 Raiffeisenbank submitted a claim for bankruptcy of RBC. But promised to recall him in the evening.
On December 30, 2009 RBC shareholder meeting approved transfer of intra group debt of holding to Pintoleza Holdings and RBC-TV Moscow companies. It was announced that obligations to creditors will be repaid by securities which will release RBC-TV and Pintoleza.
According to the report of RBC for the fourth quarter 2009, founders of media holding Herman Kaplun, Dmitry Byelik and Alexander Morgulchik in total possess 19.85% of stocks of the head company, UniCredit Bank Austria — 16.64%, "Rbusiness Upravleniye aktivami" — about 11.5%.
2007: Purchase of the Nashi Dengi magazine and Kvadratny Metr newspaper, start of Smotri.com
At the beginning of October, 2007 the RBC Information Systems company took 89.99% of shares of the Nashi Dengi magazine at KIT Finance and 100% of stocks of the M² — Kvadratny Metr newspaper at Rodionov's ID.
In 2007 start of the website of online video Smotri.com took place.
2003: Start of RBC TV
In 2003 the RBC-TV TV channel which is considered the country's first business channel is started.
Herman Kaplun the founder of the company, till April, 2012 — the CEO of RBC (September, 2012):
"We would never promote television (RBC TV. — An editor's note) from scratch if there was no Internet. Because originally, of course, there was a tiny audience, but guests went. The person sees himself, to him it is beautiful, and on the website of RBC wrote: "As told such on air of RBC TV, it had a feeling that all know about it. All knew about it from the Internet, but it had a feeling that all know about its interview from the TV. Therefore people began to come to television, began to watch it".
2000: Start of the edition of CNews
In August, 2000 there began work the online edition about information technologies of CNews.ru.
1998: Break on the Internet
Herman Kaplun the founder of the company, till April, 2012 — the CEO of RBC (September, 2012):
In 1996-1997 many Internet companies tried to do something. Audiences were then ridiculous. We had eight thousand people a day whereas competitors — one thousand four, i.e. had a separation, but funny. Financial information, of course, was very important, but text information was more important. In Russia the model of a subscription to news agencies dominated, free distribution of information in the West began to dominate. And this change of technology: what works for 100 people — does not work per thousand; what works per thousand — breaks on 10 thousand. We were only who was technology ready. When there was a crisis of 1998, we just made such emergency decision: opened the free news feeds. Paid information was made free. We were the only source of information at this moment on the Internet — and all flocked to us. And our audience from eight thousand grew to 150–200 thousand a day, such huge jump.
We always had a concept against all other market. We built the media plant. Not a creative workshop, not creative studio, but the plant at which there has to be accurately smoothly running production. The creative could be in strategy, in business, in development. In our opinion, media business — rather standardized. One journalist writes remarkably, another it is bad — it equalizes a situation. Perhaps, you do not receive star articles on five with plus, but it is not fiction. But you also do not receive articles lower than four. You have a clear quality.
Many considered the Internet overindulgence, something strange. Here the newspaper is a thing this, so many spoke. All thought that it is some inflated bubble. Really, in 2000 in America if you remember, there was a bubble.
The factory came and said: here I am factory, I cost two million dollars, I do the superwebsite worth 30 thousand dollars, there it is possible to order any candy with delivery — and now I am the Internet company, I cost 25 million dollars. So understanding there was very little: it was possible just to tell Internet and to automatically raise value assessment several times. There was a huge number of a peel around the normal companies. Crisis of dotcoms of 2000 strongly affected — there is no more Internet business, all this nonsense. We tried to attract money since 2000, we could not finance some the company. We felt this.
January, 1998 - The number of clients of RBC exceeded 2000 companies.
On June 1, 1998 - RosBusinessConsulting offers the clients the forecast of financial markets on the basis of Elliott's waves.
On June 30, 1998 - "RosBusinessConsulting" offers free access to the new product - Currency converter.
July 1, 1998 - RIA RosBusinessConsulting took the 3rd place in the competition held by Rossiipo's Federal Commission on Securities to the choice of a method of calculation of the stock index which will be officially used by the Federal commission.
August 18, 1998 - Information company "Telerate" (byvsh. "Dow Jones Markets") and RIA RosBusinessConsulting signed the partnership agreement and cooperation
October 1, 1998 - The number of runs on the server of RosBusinessConsulting exceeded 3 million.
October 29, 1998 - For the first time in Russia cash market of on-line.
1997: Attendance of the server of RBC exceeded 1000 addresses a day
In August, 1997 the tape of financial and share news of RIA of RBC is created.
In November, 1997 the rating systems of the Rambler and INFOART servers recorded more than 1000 average daily appeals to Homepage of the server of RBC. It is the best result among Russian news agencies.
1996: Broadcast of biddings of RTS on the Internet
October, 1996 - Calculation of the stock index of RBC is begun.
November, 1996 - The first Russian official information on-line the system broadcasting the course of biddings from the Russian marketplaces on the Internet is created (the course of biddings in RTS).
December, 1996 - The built-in technical information analysis from marketplaces.
1995: The first website among news agencies of Russia
February, 1995 - RBC created regional correspondent network.
May, 1995 is RosBusinessConsulting the first of Russian news agencies created own Internet server.
September, 1995 - RBC created the English version of the Internet server.
October, 1995 - The agreement is signed with the Central Bank of the Russian Federation about disclosure of information on the Russian banks.
December, 1995. The number of clients of the RosBusinessConsulting agency exceeded 1000 companies. RBC was selected by Bill market in separate information and analytical base and the bulletin.
1994: Creation of news service and department of analytics
February, 1994 - Due to the increase in information volume on the stock market from the bulletin "Information. Analysis. Comments." the bulletin "stock market" is selected.
March, 1994 - RBC was created by analysis department.
May, 1994 - The agreement is signed with the international TENFORE system about joint dissemination of information.
June - July, 1994 - Creation of news service of RBC.
September, 1994 - The RBC branch in St.-Petersburg is created.
1993: Foundation of the company and news agency
Herman Kaplun and Alexander Morgulchik created RBC on June 17, 1993, later Dmitry Byelik became the third shareholder.
May, 1993 - is released in printing the first number of the currency and credit bulletin "Information. Analysis. Comments". Creation of RosBusinessConsulting news agency.
June, 1993 - Own electronic version of monetary information is created.
July, 1993 - RBC created archive service. Providing archive information is begun.
December, 1993 - The first number of the bulletin of financial analytics "Results of week" is issued.
Herman Kaplun the founder of the company, till April, 2012 — the CEO of RBC (September, 2012):
"Till 1998 RosBusinessConsulting was purely news agency, like small Reuters which simply lived on a subscription: printed bulletins and transmitted them through BBS (Bulletin board system, a system for communication. — Editor's note); by fax sent rates of the Central Bank, currency rates, forecasts, comments. Reuters and Bloomberg — the huge companies, they sold specialized packets to generally large banks. For the little ordinary person products were not. We generated, for example, rates of cash — i.e. we announced them the first when there were no mobile phones yet. I know that some people did as follows: when rates fluctuated, they stood near exchange points] with cash rubles and currency where the payphone was near, called in RBC, the first tried to learn a rate. If the rate jumped, tried to perform some operation.
- ↑ Rosneft assessed damages from heading of RBC at ₽43 billion
- ↑ the Owner of the UST Group Grigory Berezkin considers the possibility of purchase of RBC
- ↑ Putin called insignificant the amount collected from RBC in the claim of Rosneft
- ↑ Rosneft submitted to RBC a claim for 3 billion rubles
- ↑ Subsidiary of RBC accused the former head of the company of the conclusion of the dummy advertizing contract
- ↑ Prokhorov suspended negotiations on sale of RBC after dismissal of the management
- ↑ Rain and RBC advance the interests of Great Britain
- ↑ 8,0 8,1 8,2 8,3 8,4 of ONEXIM will transfer assets of RBC to new structure
- ↑ of RBC were sold by the QIP.ru portal and its satellites
- ↑ RBC refused sale of the dating service Loveplanet
- ↑ TopFace wants to purchase the dating site Loveplanet from RBC
- ↑ 12,0 12,1 [http://www.kommersant.ru/doc/2549091 RBC
- ↑ the RBC Media holding refused the idea of start of business radio in 2014
- ↑ RBC Holding sold Utro.ru to group of private investors from Siberia
- ↑ 15,0 15,1 15,2 Vedomosti — what for?"
- ↑ 16,0 16,1 16,2 the CEO of RBC Herman Kaplun: "We know how still grow up many times"
- ↑ 17,0 17,1 of IK Troika Dialog: RBC published strong operational indicators for the 2nd quarter 2011.
- ↑ RBC unexpectedly depreciated
- ↑ 19,0 19,1 [http://media-day.ru/mixed/9289/ of Onexim:
"In publishing business the marginality is 12-15%"]</li>
- ↑ [https://meduza.io/feature/2016/05/04/pokupatel-problem the Buyer of problems</li>
- ↑ 21,0 21,1 21,2 [http://www.kommersant.ru/doc/1322824 Mikhail Prokhorov</li>
- ↑ of RBC is ready to sale</li>
- ↑ "RBC" we built the media plant"</li></ol>