Media Group Ukraine

Ukrainian media holding company

Media Group Ukraine
Company type	Media Holding
Industry	Mass media
Key people	Yevgeniy Bondarenko CEO
Products	Television, broadcasting, scenery, sales houses, new media, movies, entertainment, commercials production
Website	mgukraine.com/en/

Media Group Ukraine (Ukrainian: Медіа Група «Україна») was a media holding company that manages System Capital Management Group's television and new media projects. The holding company is a professional investor in Ukrainian media business. Media Group Ukraine was one of the largest media holding companies in Ukraine.

In July 2022, it was announced that Rinat Akhmetov (sole owner of the media group) had left the media business.^[1] It was announced that Media Group Ukraine plans to give up all broadcast and satellite television licenses and print media licenses in Ukraine in favor of the state, as well as the termination of online media. This was explained by the entry into force of the law on oligarchs.^[2]^[3] However, Forbes Ukraine made a report in which stated, that the Media Group Ukraine costed 100-150 mln USD per year, thus it was not profitable business and Akhmetov decided to cut costs during the ongoing war with Russia.^[4] On 21 July 2022 the National Council of Ukraine for Television and Radio canceled the licenses of the eight TV channels of Media Group Ukraine.^[5]

Subsidiaries

The company was established in 2010 and included:

Ukrayina, a national FTA TV channel
entertaining youth TV channel NLO-TV
News channel Україна 24
thematic TV channels Football 1, Football 2, Football 3
regional TV channel Channel 34
Digital Screens (video-on-demand platform OLL.TV)
Tele Pro (a production company)
Mediapartnerstvo Media Agency
Segodnya Multimedia

Media Group Ukraine' channels its principal investments into development and promotion of existing business areas and technologies and into new, prospective projects.

References

^ "UkrainianAkhmetov hands media business over to government – statement". Interfax-Ukraine. 11 July 2022. Retrieved 24 February 2023.
^ "Ахметов відмовився від своїх телеканалів та медіа-бізнесу". РБК-Украина (in Russian). Retrieved 2022-07-12.
^ "Ахметов заявив, що виходить із медійного бізнесу на користь держави". Українська правда (in Ukrainian). Retrieved 2022-07-12.
^ "Гордість чи збитки. Що змусило Ріната Ахметова відмовитись від всього медіабізнесу — Forbes.ua". forbes.ua (in Ukrainian). 2022-07-11. Retrieved 2022-07-12.
^ "National TV Council annuls licenses of Rinat Akhmetov's TV companies". Interfax-Ukraine. 21 July 2022. Retrieved 24 February 2023.