KP Media announces plan to become strategic investor in ITC Publishing | 04.10.2008
KP Media and ITC Publishing outlined plans for future development in internet projects as well as magazines.
KP Media will become one of the shareholders in LLC ITC Publishing and strategic investor with a minority shareholding. Both companies will work together for launching new titles and internet projects.
ITC is the leader in IT and Computer media sector in Ukraine with leading print titles as well as internet sites. Additionally, ITC publishes numerous specialist titles.
KP Media is a leader in News publications as well as the largest internet company in Ukraine.
All operations for both companies will remain separate, though limited integration for internet projects is foreseen in the future.
«ITC is the leader in the IT sector and one of the most successful publishing houses in Ukraine with well-developed internet projects. We hope that by working together we can combine our experiences and we will be able to develop new products which reach and expand our audiences,» said Jed Sunden, director of KP Media.
«Our products compliment each other so that the consolidation of our companies will have concrete benefits for advertisers, which will get more quality for the same money», added Sergey Arabadji, director of ITCPublishing.
KP Media (www.kpmedia.ua) is leader in Ukrainian media market; active in both print and internet. KP Media publishes Kyiv Post and “15 минут“,“Корреспондент“,“Афиша“,Pink,“Пані“,“Вона“,“Интерьер Магазин“,“Идеи Вашего Дома“, as well as Kyiv Business Directory. Its internet projects include Bigmir.net, Korrespondent.net, and Kyivpost.com, Pink.com.ua, Afisha.ua, Ricardo.com.ua and Novynar.com.ua. KP Media is traded on the PFTS, stock symbol KPME.
ITC Publishing (www.itcpublishing.com) publishes such magazines as “Компьютерное Обозрение“,“Домашний ПК“, DFOTO, Mobility, Gameplay, Autocar. Internet projects: hotline.ua, itc.ua, ko-online, dpk.com.ua, gameplay.com.ua, autocar.ua. Company was established in 1993, specializes in mass media for consumers, devotees and professionals in the field of technology with more than 2 million of total Ukrainian audience.
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