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Izvestia ID

Company

Financial results
2015 year
Revenue: 325000 Ths. rub
Net Profit: 26300 Ths. rub
200px

Owners

Yuri Valentinovich Kovalchuk
+ Rosneft of the Tax Code
+ Gazprom-Media Holding

The Izvestia newspaper was established in 1917. The publication is distributed in all cities of Russia, as well as neighboring countries.

Aktivs

MIC Izvestia is a private news holding, which includes the IZ.RU news portal, the Izvestia TV channel, the Izvestia newspaper, the Delovoy Petersburg newspaper, the news services of the REN TV, Channel Five TV channels, as well as the 78 TV channel.

Audience

MIC Izvestia is a platform for the production and distribution of content for TV, print media and Internet resources. The online audience of the Izvestia MIC holding is more than 70 million people (data as of May 2022). The audience of the IZ.RU portal around the world is increasing annually, in 2021 it amounted to 236 million people. In the segment of thematic news broadcasting, the Izvestia TV channel, broadcasting news content in 24/7 mode, strengthened its position throughout 2021, increasing its share by 50% and its rating by 38%.

History

2022: Site hacking

On February 28, 2022, the sites of RBC, Forbes, TASS, the newspapers Izvestia, Kommersant, as well as several other publications were hacked. On the main page of each of them there was a message from hackers calling for an end to the special operation in Ukraine. Read more here.

2017

As of December 2017, Izvestia MIC ─ a private multimedia information center that combines the editorial and technological capabilities of the news services of REN, Channel Five and the Izvestia newspaper.

MIC Izvestia is a platform for the production of multi-format information content - for TV, printing and the Internet. The combined editorial team exceeded 1.5 thousand people.

MIC Izvestia includes a new Internet portal IZ.ru, combining the capabilities of a round-the-clock news channel and a socio-political publication. The editorial board of the portal broadcasts information in several formats at once.

2016

As of May 2016, the circulation of the Izvestia newspaper exceeded 150 thousand copies, the audience of one issue was 309 thousand readers.

Moving to 3rd Pavlovsky Lane, where the editorial offices of REN TV and the Russian News Service are located

Gabrelyanov published Izvestia since mid-2011. Most of this time, the texts for this newspaper and other publications of Gabrelyanov were prepared by the same combined editorial board. To do this, the editorial office of Izvestia moved from its building on Pushkinskaya Square in Moscow to Paper Passage, where the rest of the journalists of the Gabrelyanova News Media holding work. At first, Izvestia shareholders leased the vacated areas on Pushkinskaya, and in 2015 NMG sold its stake in this building altogether. Now the editorial office of Izvestia has moved again - to 3rd Pavlovsky Lane, where the offices of the REN TV channel and the Russian News Service (owned by NMG) are located. Izvestia journalists, as several employees of the publication assure, will be decorated as employees of the eponymous OJSC, and not News Media, as before (the representative of NMG does not comment on this).

NMG Announces Forced Buyback of Minority Shares

In 2016, NMG announced the start of a forced buyback of the remaining Izvestia shares from minority shareholders, a representative of the group said: it intends to consolidate all 100% of the newspaper's shares. A year ago, the group owned 73.2% of Izvestia, and Phorbas Holdings had almost 25% more. This Cypriot company is controlled by top managers of Lukoil, sources in NMG told Vedomosti before. The representative of Lukoil did not comment on this at that time. Over the past year and a half, NMG has bought the Izvestia package from Phorbas in two stages. The remaining minority shareholders of the publication (Stalpromsindikat, IF Russika-Izvestia and unnamed individuals) have a combined 1.7% stake in Izvestia, follows from the newspaper's report. Vedomosti failed to contact representatives of these companies: the Unified State Register of Legal Entities does not have information about these firms.

Alexey Plotnikov appointed general director of Izvestia

Instead of Mikhail Belousov, Alexei Plotnikov, ex-director to marketing of the Russian division, became the general director of Izvestia. Xerox

Ashot Gabrelyanov transfers NMG management of the publication

In March 2016, several sources reported that NMG plans to manage the Izvestia newspaper directly, without extending the contract for publishing the newspaper with News Media. Unofficial information about the intention of the NMG to change the publisher of the newspaper appeared in early 2016. RNS sources then clarified that the owner wanted to "make the newspaper more analytical." It was reported that the contract with News Media Aram Gabrelyanov is valid until June 1, 2016[1].

A source close to News Media told RNS at the beginning of the year that Izvestia's transition to the management of any other structure would be complicated by the fact that the entire information technological infrastructure of the publication was integrated into News Media, and it would take time to format the processes without the participation of News Media.

In May 2016, it became known that the structures of the media manager and founder of the Life.ru, Aram Gabrelyanov, will continue to be published by Izvestia until September 2016. It is reported by RNS, citing a source close to the publication.

"Employee contracts have been extended until September," he said. According to him, the extension of contracts with employees suggests that Gabrelyanov's team will continue to publish the newspaper until that time.

Gabrelyanov himself told RNS that the contracts with the newspaper's employees had been extended, but declined to give a timeline. "Contracts with employees have been extended," he said. But a source close to Ainews (publisher of Izvestia) claims that the contracts have been extended until the end of 2016.

As a result, on August 1, 2016, the rights to publish the Izvestia newspaper passed to Izvestia Newspaper OJSC. The agreement with Ainius LLC (controlled by Aram Gabrelyanov), which published Izvestia on June 6, 2011, expired on July 31, 2016. The editors of Izvestia will continue to be led by Arseniy Hovhannisyan, who was appointed editor-in-chief of the first of February.

Izvestia remains employed by many of News Media's former employees. A source close to the newspaper's shareholders said that NMG had no complaints about Gabrelyanov, but the shareholders decided that Izvestia should be an independent and self-sufficient publication. Gabrelyanov remains the chairman of the board of directors of Izvestia and the deputy general director of NMG.

Arseniy Hovhannisyan appointed editor-in-chief

Previously, Gabrelyanov fully controlled Izvestia, directly participated in the discussion of important political topics on which the newspaper's journalists worked, solved problems with newsmakers, employees of the combined editorial office told Vedomosti. But after Gabrelyanov took over the Baltic Media Group in 2015, he began to pay less attention to the newspaper. In early 2016, Arseniy Hovhannisyan, the former deputy governor of the Kaluga region, became the editor-in-chief of Izvestia. He was the candidate of Izvestia shareholders, but not Gabrelyanov, Vedomosti sources assured. Izvestia shareholders decided to change the newspaper's editorial policy, they explained, to make it respectable and analytical media. The editors of Izvestia continued to consult with the owner of News Media on important political texts after the change of editor-in-chief, Gabrelyanov's acquaintance knows.

2015: Revenue growth by 3% to RUB 325 mln

In 2015, Izvestia's revenue, according to the RAS report, increased by 3% to 325 million rubles, and net profit decreased by 22% to 26.3 million rubles. Under an agreement with Izvestia, Gabrelyanov paid 28.8 million rubles for the use of commercial rights and rights to trademarks of the newspaper. Per month, plus 10% of his income from the use of these rights, follows from the company's documents. In turn, Izvestia paid News Media the same 28.8 million rubles. per month for the production and publication of the newspaper, noted there. It turns out that in the balance for the publication of Izvestia, Gabrelyanov was supposed to transfer 10% of its income to the shareholders of this newspaper.

After the transfer of Izvestia under the management of Gabrelyanov, the newspaper's revenues from advertising, subscriptions and retail sales decreased. In 2010, Izvestia's revenue under these items amounted to more than 340 million rubles, and in 2012 - already 286.1 million rubles, follows from the financial statements of the publication. On the other hand, if in 2008-2011 Izvestia was unprofitable, then in 2012, after Gabrelyanov ran the newspaper for the first full year, this media became profitable and, according to 2016 data[2]

2011: NMG transfers management of the publication to News Media Holding

The owner of the Izvestia newspaper is the National Media Group (NMG) holding, but under a five-year contract since 2011, News MediaArama Gabrelyanova manages the publication of the newspaper, and the Ainius company, which is part of it, is the publisher of the newspaper.

1975

Gorky Street (Tverskaya) in Moscow, Izvestia, 1975. Author: Mikhail Alexandrov

1937

Pushkinskaya (Strastnaya) Square, Strastnaya Monastery and Izvestia Building, 1937

Notes