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UMH group

UMH group (United Media Holding group) is an international multimedia group. It controls a portfolio of over 50 brands in Internet, radio and press markets, covering news, politics, business, sports, fashion, celebrity and TV. The portfolio includes over a dozen owned and licensed media brands, chiefly Forbes Ukraine and Vogue Ukraine (there is a strategic agreement concluded with Conde Nast publishers that allows UMH group develop a number of projects within the territory of Ukraine).

United Media Holding group
Company typePrivate
IndustryMedia
Founded1995
HeadquartersKyiv, Ukraine
Key people
ProductsMagazines, internet websites, radio
Number of employees
4400
Websitehttp://www.umh.com.ua

UMH ranks 15th among largest media companies operating in former Soviet republics.[1]

The company’s stock trades on the Frankfurt Stock Exchange. UMH group is a WAN-IFRA member.

History edit

The holding company was founded in late 1990s by Boris Lozhkin, who remained until 2014 its president and principal shareholder.[2] On the basis of “Telenedelya” (“TV week”) newspaper, published since 1994, in 2013 UMH joined top ten largest printed media brands in the ex-Soviet area, is the leader among celebrity niche media in Ukraine and ranks sixth by readership volume in CIS countries).

In 1995 through 1998 he bought licenses for such famous brands as “Argumenty i Fakty” (“Arguments and facts”), “Komsomolskaya Pravda” (“Komsomol truth”) and “Football” magazine.

In 2000 UMH bought its first radio station, then another two years later; in 2004 the radio group had four network stations. Currently[when?] it has seven, plus niche leading channel “Menu TV”, purchased in 2008. UMH radio group is one of the two major actors in the Ukrainian radio market.

In 2000 UMH group became a multimedia structure when first radio station joined the project portfolio. In two more years there was another one and in 2004 radio group already accounted for four network stations. Currently the group has seven, as well as the niche leading channel “Menu TV” purchased in 2008. UMH radio group is one of the two major actors in Ukrainian radio market.

In 2003 UMH entered the Russian market. In a couple of years the Russian unit of the company – “Populyarnaya pressa” (“Popular press”) publishing house – built one of the broadest regional networks with divisions in 30 cities. Today the company ranks among the top 10 Russia’s publishing houses[3] and controls eight brands. Total circulation of the publishers’ publications in Russia constitutes 42.5 million copies.[4]

Given the rapid development of digital technologies, the internet became an important priority of the UMH group business development. By dint of projects purchased, as well as development of its own, the company formed a portfolio of over fifteen projects. In terms of reach, UMH group ranks among the top five companies that operate in the Ukrainian market. This list also includes such international corporations as Google, Mail.Ru and Yandex.[5]

In 2008 UMH group was the first Ukrainian media company to place private stocks on the Frankfurt Stock Exchange[6] gaining $45 million US for 15% of its stock, and achieving a capitalization of $300 million. Ukrainian investment group Concorde Capital performed the role of the exclusive financial advisor and facilitator of the stock placement.

In 2010 the president of UMH, Boris Lozhkin concluded strategic agreements with well-known American publishing houses Forbes Media and Conde Nast that allowed him to publish Forbes in Ukraine (published since 2011[7]), Vogue Ukraine (first edition was issued in early 2013[8]) and other magazines.

In 2011 UMH group organized the 64th World Newspaper Congress in Kyiv. President of Ukraine Viktor Yanukovych delivered the keynote speech for the event, which took place in August 2011.[9]

In June 2013 Boris Lozhkin announced the sale of 98% of UMH stock to the VETEK group of companies. The new owner became Serhiy Kurchenko.[10] Expert estimation of the transaction value in 2013 published in the press constituted $450–500 million.[11] According to Forbes.ua estimations, the sale of UMH group ranks among the top ten largest M&A deals of the first semester of 2013. In the total list the UMH transaction ranks fourth.[12]

In December 2017 Kyiv's Pecherskyi District Court seized the corporate and intellectual rights along with part of the real estate owned by the holding.[10] According to the court, the assets are related to the crimes committed by former President Yanukovych and are involved in misappropriation of property or embezzlement via abuse of office by an organized group, as well as money laundering.[10] Owner Serhiy Kurchenko left Ukraine in February 2014 following the 2014 Ukrainian revolution that ousted President Yanukovych and his current whereabouts are unknown.[13][14][15] Since the following month Kurchenko has been on the international wanted list.[16] Since then his property and other assets have been frozen.[16]

Statistics edit

Target markets of the company are adult Russian-speaking population of the former Soviet republics that constitutes about 155 million persons where the company currently covers 12% of the audience which is 18.6 million persons.[17]

Head office of the holding company is situated in Kyiv. Office of the “Popularnaya pressa” publisher’s house is situated in Moscow. There are offices and representations in 43 Ukrainian and Russian cities. 4400 employees currently work in the company in both Ukraine and Russia.

Activity indicators edit

At year-end 2012 net earnings constituted 151,6 million US Dollars, EBITDA and net profit – 28,7 and 16.3 million US Dollars respectively.[18]

Year 2009 2010 2011 2012
Revenue 88 472 112 586 137 637 151 648
EBITDA 6 340 15 381 20 500 28 726
Net profit - 5 087 1 236 3 434 16 336

Media assets edit

Internet and digital:

  • Korrespondent.net
  • Football.ua
  • Bigmir) net
  • I.ua
  • Tochka.net
  • Dengi.ua
  • KP.ua
  • kolobok.ua
  • Aif.ua
  • Tv.ua
  • Vgorode.ua
  • iSport.ua
  • Gloss.ua
  • Smak.ua

Radio:

  • Авторадио
  • Ретро FM
  • NRJ
  • Голос Столицы (defunct on November 1, 2019)[19]
  • Lounge FM
  • Джем FM
  • Радио Пятница
  • Наше радио (sold to TAVR Media in 2020)[20]

Publishing:

References edit

  1. ^ "Top 25 largest media companies in the CIS". RBC ratings.
  2. ^ . UMH group. Archived from the original on 2012-06-22.
  3. ^ "Крупнейшие российские медиакомпании*". www.kommersant.ru. Jan 17, 2012. Retrieved Oct 14, 2022.
  4. ^ "UMH group, Business in Russia". UMH group, official site.
  5. ^ "UMH Group, SCM and KP Media Unite Internet Portals".
  6. ^ "Sleeping Beauty and Bread Crumbs". The Ukrainian Week.
  7. ^ "News". www.businesswire.com. Retrieved Oct 14, 2022.
  8. ^ "Ukraine's UMH Group to Publish Local Vogue Edition". Bloomberg.com.
  9. ^ "DemotiX". DemotiX. Retrieved Oct 14, 2022.
  10. ^ a b c Kyiv's court rules to seize fugitive oligarch Kurchenko's UMH assets, UNIAN (28 December 2017)
  11. ^ "The gas king turned media mogul". The Economist. 2013-06-28.
  12. ^ . Forbes.ua. Archived from the original on 2013-11-05. Retrieved 2013-10-16.
  13. ^ "EU imposes assets freeze on Yanukovich and 'family'". Financial Times. 6 March 2014.
  14. ^ "Russia's Rosneft might buy Ukraine's Odessa refinery". Reuters. 3 March 2014.
  15. ^ Ukraine accuses Russia of breaking CIS agreements over Yanukovych extradition, Interfax-Ukraine (12 January 2015)
  16. ^ a b Court grants prosecutor's request for Ukrainian fugitive businessman Kurchenko's arrest, Interfax-Ukraine (5 January 2017)
  17. ^ "UMH group. Our business". Retrieved Oct 14, 2022.
  18. ^ "UMH group. Financial indicators for 2012". Retrieved Oct 14, 2022.
  19. ^ "Радиостанция переходит в тестовый режим работы". November 1, 2019.
  20. ^ Vladimir, Kondrashov (February 10, 2020). "Холдинг Курченка втрачає активи: "Наше радіо" переходить під управління холдингу TAVR Media". NV.

External links edit

  Media related to UMH group at Wikimedia Commons

  • Official website  

group, this, article, have, been, created, edited, return, undisclosed, payments, violation, wikipedia, terms, require, cleanup, comply, with, wikipedia, content, policies, particularly, neutral, point, view, august, 2021, united, media, holding, group, intern. This article may have been created or edited in return for undisclosed payments a violation of Wikipedia s terms of use It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view August 2021 UMH group United Media Holding group is an international multimedia group It controls a portfolio of over 50 brands in Internet radio and press markets covering news politics business sports fashion celebrity and TV The portfolio includes over a dozen owned and licensed media brands chiefly Forbes Ukraine and Vogue Ukraine there is a strategic agreement concluded with Conde Nast publishers that allows UMH group develop a number of projects within the territory of Ukraine United Media Holding groupCompany typePrivateIndustryMediaFounded1995HeadquartersKyiv UkraineKey peopleBoris Lozhkin founder and president Serhiy Kurchenko owner Olena Bondarenko supervisory board director ProductsMagazines internet websites radioNumber of employees4400Websitehttp www umh com uaUMH ranks 15th among largest media companies operating in former Soviet republics 1 The company s stock trades on the Frankfurt Stock Exchange UMH group is a WAN IFRA member Contents 1 History 2 Statistics 3 Activity indicators 4 Media assets 5 References 6 External linksHistory editThe holding company was founded in late 1990s by Boris Lozhkin who remained until 2014 its president and principal shareholder 2 On the basis of Telenedelya TV week newspaper published since 1994 in 2013 UMH joined top ten largest printed media brands in the ex Soviet area is the leader among celebrity niche media in Ukraine and ranks sixth by readership volume in CIS countries In 1995 through 1998 he bought licenses for such famous brands as Argumenty i Fakty Arguments and facts Komsomolskaya Pravda Komsomol truth and Football magazine In 2000 UMH bought its first radio station then another two years later in 2004 the radio group had four network stations Currently when it has seven plus niche leading channel Menu TV purchased in 2008 UMH radio group is one of the two major actors in the Ukrainian radio market In 2000 UMH group became a multimedia structure when first radio station joined the project portfolio In two more years there was another one and in 2004 radio group already accounted for four network stations Currently the group has seven as well as the niche leading channel Menu TV purchased in 2008 UMH radio group is one of the two major actors in Ukrainian radio market In 2003 UMH entered the Russian market In a couple of years the Russian unit of the company Populyarnaya pressa Popular press publishing house built one of the broadest regional networks with divisions in 30 cities Today the company ranks among the top 10 Russia s publishing houses 3 and controls eight brands Total circulation of the publishers publications in Russia constitutes 42 5 million copies 4 Given the rapid development of digital technologies the internet became an important priority of the UMH group business development By dint of projects purchased as well as development of its own the company formed a portfolio of over fifteen projects In terms of reach UMH group ranks among the top five companies that operate in the Ukrainian market This list also includes such international corporations as Google Mail Ru and Yandex 5 In 2008 UMH group was the first Ukrainian media company to place private stocks on the Frankfurt Stock Exchange 6 gaining 45 million US for 15 of its stock and achieving a capitalization of 300 million Ukrainian investment group Concorde Capital performed the role of the exclusive financial advisor and facilitator of the stock placement In 2010 the president of UMH Boris Lozhkin concluded strategic agreements with well known American publishing houses Forbes Media and Conde Nast that allowed him to publish Forbes in Ukraine published since 2011 7 Vogue Ukraine first edition was issued in early 2013 8 and other magazines In 2011 UMH group organized the 64th World Newspaper Congress in Kyiv President of Ukraine Viktor Yanukovych delivered the keynote speech for the event which took place in August 2011 9 In June 2013 Boris Lozhkin announced the sale of 98 of UMH stock to the VETEK group of companies The new owner became Serhiy Kurchenko 10 Expert estimation of the transaction value in 2013 published in the press constituted 450 500 million 11 According to Forbes ua estimations the sale of UMH group ranks among the top ten largest M amp A deals of the first semester of 2013 In the total list the UMH transaction ranks fourth 12 In December 2017 Kyiv s Pecherskyi District Court seized the corporate and intellectual rights along with part of the real estate owned by the holding 10 According to the court the assets are related to the crimes committed by former President Yanukovych and are involved in misappropriation of property or embezzlement via abuse of office by an organized group as well as money laundering 10 Owner Serhiy Kurchenko left Ukraine in February 2014 following the 2014 Ukrainian revolution that ousted President Yanukovych and his current whereabouts are unknown 13 14 15 Since the following month Kurchenko has been on the international wanted list 16 Since then his property and other assets have been frozen 16 Statistics editTarget markets of the company are adult Russian speaking population of the former Soviet republics that constitutes about 155 million persons where the company currently covers 12 of the audience which is 18 6 million persons 17 Head office of the holding company is situated in Kyiv Office of the Popularnaya pressa publisher s house is situated in Moscow There are offices and representations in 43 Ukrainian and Russian cities 4400 employees currently work in the company in both Ukraine and Russia Activity indicators editAt year end 2012 net earnings constituted 151 6 million US Dollars EBITDA and net profit 28 7 and 16 3 million US Dollars respectively 18 Year 2009 2010 2011 2012Revenue 88 472 112 586 137 637 151 648EBITDA 6 340 15 381 20 500 28 726Net profit 5 087 1 236 3 434 16 336Media assets editInternet and digital Korrespondent net Football ua Bigmir net I ua Tochka net Dengi ua KP ua kolobok ua Aif ua Tv ua Vgorode ua iSport ua Gloss ua Smak uaRadio Avtoradio Retro FM NRJ Golos Stolicy defunct on November 1 2019 19 Lounge FM Dzhem FM Radio Pyatnica Nashe radio sold to TAVR Media in 2020 20 Publishing Korrespondent Telenedelya Futbol Komsomolskaya pravda v Ukraine Argumenty i fakty Za rulyomReferences edit Top 25 largest media companies in the CIS RBC ratings UMH group Board of Directors UMH group Archived from the original on 2012 06 22 Krupnejshie rossijskie mediakompanii www kommersant ru Jan 17 2012 Retrieved Oct 14 2022 UMH group Business in Russia UMH group official site UMH Group SCM and KP Media Unite Internet Portals Sleeping Beauty and Bread Crumbs The Ukrainian Week News www businesswire com Retrieved Oct 14 2022 Ukraine s UMH Group to Publish Local Vogue Edition Bloomberg com DemotiX DemotiX Retrieved Oct 14 2022 a b c Kyiv s court rules to seize fugitive oligarch Kurchenko s UMH assets UNIAN 28 December 2017 The gas king turned media mogul The Economist 2013 06 28 Top 10 M amp A deals in Ukraine for the first half of 2013 Forbes ua Archived from the original on 2013 11 05 Retrieved 2013 10 16 EU imposes assets freeze on Yanukovich and family Financial Times 6 March 2014 Russia s Rosneft might buy Ukraine s Odessa refinery Reuters 3 March 2014 Ukraine accuses Russia of breaking CIS agreements over Yanukovych extradition Interfax Ukraine 12 January 2015 a b Court grants prosecutor s request for Ukrainian fugitive businessman Kurchenko s arrest Interfax Ukraine 5 January 2017 UMH group Our business Retrieved Oct 14 2022 UMH group Financial indicators for 2012 Retrieved Oct 14 2022 Radiostanciya perehodit v testovyj rezhim raboty November 1 2019 Vladimir Kondrashov February 10 2020 Holding Kurchenka vtrachaye aktivi Nashe radio perehodit pid upravlinnya holdingu TAVR Media NV External links edit nbsp Media related to UMH group at Wikimedia Commons Official website nbsp Retrieved from https en wikipedia org w index php title UMH group amp oldid 1194157934, wikipedia, wiki, book, books, library,

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