OVA Press and Independent Media Create Joint Venture
OVA Press and Independent Media have agreed to create a new Joint Venture. OVA Press will hold 60% of the shares and Independent Media 40%.
Starting from 2006 the new Joint Venture will publish FHM and Top Sante. At present the magazines are being published in Russia by Independent Media under Licence of Emap Consumer Media (Great Britain).
The advertising sales of the new JV will be handled by Video International Press, which now serves both OVA Press and Top Sante. Day-to-day operations will be managed by OVA Press, distribution - by Independent Media.
Derk Sauer, CEO Independent Media
‘We are very happy with this new alliance, which will optimize our portfolio and give an extra boost to the development of FHM and Top Sante. Both OVA Press and Video International Press will be great partners to work with'.
Peter Gerwy, OVA Press/Russian Media Ventures
‘We are very glad to cooperate with Independent Media, the largest publishing house in Russia. The addition of two popular international brands - FHM and Top Sante - will strengthen the position of our existing titles and attract more advertisers. Top Sante broadens the product line of OVA Press women's magazines and FHM opens the segment of men's titles. The magazine market in Russia continues to grow and investments in this market have good perspectives'.
Simon Greves, International Director Emap Man's Magazines
‘We'd like to thank the team of Independent Media for the great work they've done so far, and look forward to further expand Emap's activity in Russia with the new joint venture.'
NOTE 1
Monthly men's title FHM (For Him Magazine) is published in Russia since September 2001. Editor-in-chief - Dmitry Gubin. Circulation - 100,000. Format - A4. Volume - 170.
Distributed all across Russia (Moscow - 47%, regions - 51%, subscription - 2%). Russian FHM is also being sold in USA, Israel, England, Germany, Baltics.
NOTE 2
Top Sante is a magazine, devoted to health and beauty, is published in Russia since 2002. Editor-in-chief - Darja Veledeeva. Circulation - 120,000. Format - 215х275 mm. Volume - 100.
Distribution: Russia (Moscow, St. Petersburg, Nijny Novgorod, Kazan, Yekaterinburg, Novosibirsk, Khabarovsk, Samara, Voronezh, Rostov-on-Don, Saratov, Pyatigorsk, Krasnodar, etc.), Ukraine, Latvia, Kazakhstan.
NOTE 3
Independent Media Sanoma Magazine, the biggest Russian Publishing House, was founded in 1992. It publishes more than 30 magazines and newspapers in Russia, Kazakhstan and Ukraine. Among them are: Harper`s Bazaar, Men's Health, Yes!, newspapers The Moscow Times and Vedomosti.
Independent Media is part of Sanoma Magazines B.V., the magazines division of SanomaWSOY (Finland). Sanoma Magazines is a leading magazine publisher in Europe. SMI is responsible for Sanoma Magazines' activities in Central, Eastern and South East Europe. Sanoma Magazines publishes over 275 magazines in twelve European countries and is market leader in Belgium, the Czech Republic, Finland, Hungary, the Netherlands and Russia. Its 2004 net sales*) totaled € 1,08 billion. Sanoma Magazines employs approx. 5,500 people.
*) excluding Independent Media operations in Russia and Ukraine, acquired early 2005
NOTE 4
OVA Press Publishing House is being in Russian market since 1993. It publishes such magazines as HELLO!, Interior+Design with supplements (Antikvariat, 100% Kuhni, 100% Zagorodny Dom, 100% Office, 100% Mebel), Moy Kroha i ja, Sandra, Valya-Valentina.
Controlling block of paper belongs to the investment company "Russian Media Ventures". Its founders are Peter Gerwy (a famous media investor and establisher of radio Maximum, STS TV-channel) and Video International Group of Companies.
Starting from 2006 the new Joint Venture will publish FHM and Top Sante. At present the magazines are being published in Russia by Independent Media under Licence of Emap Consumer Media (Great Britain).
The advertising sales of the new JV will be handled by Video International Press, which now serves both OVA Press and Top Sante. Day-to-day operations will be managed by OVA Press, distribution - by Independent Media.
Derk Sauer, CEO Independent Media
‘We are very happy with this new alliance, which will optimize our portfolio and give an extra boost to the development of FHM and Top Sante. Both OVA Press and Video International Press will be great partners to work with'.
Peter Gerwy, OVA Press/Russian Media Ventures
‘We are very glad to cooperate with Independent Media, the largest publishing house in Russia. The addition of two popular international brands - FHM and Top Sante - will strengthen the position of our existing titles and attract more advertisers. Top Sante broadens the product line of OVA Press women's magazines and FHM opens the segment of men's titles. The magazine market in Russia continues to grow and investments in this market have good perspectives'.
Simon Greves, International Director Emap Man's Magazines
‘We'd like to thank the team of Independent Media for the great work they've done so far, and look forward to further expand Emap's activity in Russia with the new joint venture.'
NOTE 1
Monthly men's title FHM (For Him Magazine) is published in Russia since September 2001. Editor-in-chief - Dmitry Gubin. Circulation - 100,000. Format - A4. Volume - 170.
Distributed all across Russia (Moscow - 47%, regions - 51%, subscription - 2%). Russian FHM is also being sold in USA, Israel, England, Germany, Baltics.
NOTE 2
Top Sante is a magazine, devoted to health and beauty, is published in Russia since 2002. Editor-in-chief - Darja Veledeeva. Circulation - 120,000. Format - 215х275 mm. Volume - 100.
Distribution: Russia (Moscow, St. Petersburg, Nijny Novgorod, Kazan, Yekaterinburg, Novosibirsk, Khabarovsk, Samara, Voronezh, Rostov-on-Don, Saratov, Pyatigorsk, Krasnodar, etc.), Ukraine, Latvia, Kazakhstan.
NOTE 3
Independent Media Sanoma Magazine, the biggest Russian Publishing House, was founded in 1992. It publishes more than 30 magazines and newspapers in Russia, Kazakhstan and Ukraine. Among them are: Harper`s Bazaar, Men's Health, Yes!, newspapers The Moscow Times and Vedomosti.
Independent Media is part of Sanoma Magazines B.V., the magazines division of SanomaWSOY (Finland). Sanoma Magazines is a leading magazine publisher in Europe. SMI is responsible for Sanoma Magazines' activities in Central, Eastern and South East Europe. Sanoma Magazines publishes over 275 magazines in twelve European countries and is market leader in Belgium, the Czech Republic, Finland, Hungary, the Netherlands and Russia. Its 2004 net sales*) totaled € 1,08 billion. Sanoma Magazines employs approx. 5,500 people.
*) excluding Independent Media operations in Russia and Ukraine, acquired early 2005
NOTE 4
OVA Press Publishing House is being in Russian market since 1993. It publishes such magazines as HELLO!, Interior+Design with supplements (Antikvariat, 100% Kuhni, 100% Zagorodny Dom, 100% Office, 100% Mebel), Moy Kroha i ja, Sandra, Valya-Valentina.
Controlling block of paper belongs to the investment company "Russian Media Ventures". Its founders are Peter Gerwy (a famous media investor and establisher of radio Maximum, STS TV-channel) and Video International Group of Companies.
