Position of Media Group Ukraine

Published Thu, 9 July, 21:00

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Position of Media Group Ukraine regarding the results of the tender held by the National Agency of Ukraine for Identification, Tracing and Management of Assets Produced from Corruption-Related and Other Crimes (ARMA) for the management of assets of the Ukrainian Media Holding.

Media Group Ukraine believes that Serhii Kurchenko’s tender for asset management of the Ukrainian Media Holding does not comply with the Law on Television and Radio Broadcasting. This tender is essentially a covert non-competitive transfer of broadcast licenses, which is expressly prohibited by law. In addition, the terms and conditions of the tender for the management of assets of the Ukrainian Media Holding do not include other requirements and restrictions provided for by the Law “On Television and Radio Broadcasting”, in particular the ones regarding the ownership structure of television and radio organisations. Thus, the asset management tender announced by ARMA can be qualified as an alternative that is not provided by the law on the broadcasting rights. We believe that given the above, the results of the tender and the tender itself should be cancelled. Property, proprietary and corporate rights, securities of the Ukrainian Media Holding should be transferred in accordance with the effective law of Ukraine.

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