Holding System Capital Management (SCM) has started the procedure of stopping the production of print media and canceling the licenses of "Media Group Ukraine".
This is stated in the holdingʼs statement.
"Relevant documents will be sent to authorized state institutions starting today, July 12, 2022. We are talking about all the state licenses for broadcasting and for the program service provider, which were received by "Media Group Ukraine" from the state. At the same time, the process of stopping the release of printed mass media belonging to Moscow State University will be started today," reported by the company.
They add that according to the law, the cancellation of licenses and the satisfaction of the application to stop the production of print media automatically deprives the company-owners of the status of mass media — they must end their activities. The process should take up to two months, during which time the group will continue to fulfill its obligations under license agreements and will continue to broadcast and participate in the national news marathon, as well as in foreign broadcasting (FreeDom).
"The output of any own projects and the production of content on all TV channels, publications, and online sites of the Group is stopped. Together with the refusal of broadcasting licenses for Media Group Ukraine channels, the distribution of these channels abroad, in particular in Poland, is stopped," the company informed.
The holding also reported that at 00:00 on July 12, 2022, the group stopped updating its online media. All relations with the Groupʼs partners will be discussed separately.
At the same time, all assets of the media group remain in its ownership. We are talking about equipment and other equipment, about the library, intellectual rights and rights to brands, including "Ukraina", "Ukraina 24", "Sohodni". Management will determine the future fate of these assets in the coming days.
- Rinat Akhmetovʼs media holding "Media Group Ukraine" unites the channels "Ukrainа", "Ukrainа 24", "Football 1/2/3", NLO TV, multimedia platform "Sohodni", "News Group Ukraine" and others.