ArmInfo. The largest media holding in Armenia, Panarmenian Media Group, announces the termination of its activities as a media association. This is stated  in the statement of the organization.

In a statement, in particular, it is noted: "A number of changes  occurred among shareholders of companies cooperating with Panarmenian  Media Group. In particular, businessman, TV presenter, head of  Panarmenian TV, broadcasted in the USA, David Avetisyan became the  owner of 51% of ATV's shares and 49% remained to Panarm Inc.. There  were also changes among shareholders of ArmNews, Lav Radio and  Tert.am portal. These media were acquired by Media Quartet (former  MPs, former republicans Samvel Farmanyan, Arman Saghatelyan, Mihran  Hakobyan and analyst Karen Bekaryan, ed. note).

The family of the founder of the Russian Comedy Club Production, the  entrepreneur Arthur Janibekyan, became the owner of the full package  of shares of the Armenia TV channel and Radio Jan.

Taking into account the wishes of shareholders, it was decided to  terminate the activities of the Panarmenian Media Group as a media  union.

To note, prior to the recent changes, one of the owners of the above  media was the son-in-law of the third president of Armenia, Serzh  Sargsyan, Mikayel Minasyan.