News Agency LLC 

News Agency LLC 

The company was first established as Mongol Mass Media in 2004. In the past, it used to publish Ardyn Erkh daily newspaper, a state funded newspaper. It was eventually cut off from public funding in 1999 due to Press Freedom Law enacted by the Parliament on Mongolia restricting public funding of media tools. During that time, the Ministry of Justice prohibited the use of the name “Ardyn Erkh” for five years. The decision became ineffective in 2004; the name is now being used again by Mongol Mass Media Group. News Agency LLC acquired www.news.mn web-portal in 2007. The Member of the Board of Directors Amundra A came up with the idea of news.mn along with his colleagues, and established the website with the support of its first investor Tselmuun P, Director of Altan Taria LLC. In that time, Tsenguun P owned 50 percent of Mongol Mass Media Group. The editorial team of news.mn was formed when some young journalists accepted the offer to cooperate. Temuulen P, former Chief-Editor of Ardyn Erkh newspaper transferred the ownership of news.mn website to herself after [agreeing to management privatization terms with the investors](http://www.ikon.mn/lr/qrm). After that, the company has been individually operating as News Agency LLC. The company does not own any shares in other media tools. It is said that a major investor of News Agency is the current President Elbegdorj Tsakhia and that 70 percent of shares are owned by a close relative of his wife, but MOM did not find evidence during research. Another close source claimed that the majority of shares of the News Agency are entitled under the name of Boldbaatar Kh or his son, who is the sibling of the current President Elbegdorj Tsakhia’s wife. However no evidence was obtained. [Boldbaatar Kh is the director of Ulaanbaatar taxi services](http://ubtaxi.cross.mn/).Chief Editor Temuulen B said that the investment and shareholder ownership status are still under negotiation, and that the company will transfer some of its shares to its experienced journalists. As the status of ownership and shareholding will be clear in 2017, the company expressed it could provide such information only then.

Key facts

Business Form

Private

Legal Form

LLC

Business Sectors

News Agency LLC acquired www.news.mn web-portal in 2007. The company does not own any shares in other media tools nor other business sectors.

Ownership

Mr.Boldbaatar Kh (O-3096)

Boldbaatar Kh is the sibling of the current President Elbegdorj Tsakhia’s wife. However, no evidence was obtained about his role. Boldbaatar Kh is the director of Ulaanbaatar taxi services.

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Media Outlets
Other Media Outlets

Other Online Outlets

www.news.mn web-portal

Facts

Media Business

News Agency LLC acquired www.news.mn web-portal in 2007. The company does not own any shares in other media tools.

Business

The company does not own any shares in other media tools nor other business sectors.

General Information

Founding Year

2007

Founder

Temuulen P

Employees

Missing Data

Contact

News Agency LLCwww.news.mn

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board + Interests Executive Board

Missing Data

Non-Executive Board + Interests Non-Executive Board

Missing Data

Supervisory Board + Interests Supervisory Board

Missing Data

Other Influential People + Interests Other Influential people

It is said that a major investor of News Agency is the current President Elbegdorj Tsakhia and that 70 percent of shares are owned by a close relative of his wife, but MOM did not find evidence during research. Another close source claimed that the majority of shares of the News Agency are entitled under the name of Boldbaatar Kh or his son, who is the sibling of the current President Elbegdorj Tsakhia’s wife. However no evidence was obtained.Another influentel person might be Tselmuun P, Director of Altan Taria LLC, investor in News Agency.

Further Information

Data Unavailable

ownership data is not publicly available, company/channel denies the release of information or does not respond, no public record exists

1 ♥

Meta Data

The company did not respond to the MOM questionnaire. Even though the relationship was very friendly, the company rejected to disclose information regarding its ownership status.

Sources

Mongolian Media Today, Press Institute of Mongolia, 2016, Document ID-1;
Press Institute, Audience Survey, 2015, Document ID-3 ;
http://www.alexa.com/siteinfo/news.mn ; MOM interview with Narantuya D;

  • Project by
    Press Institute of Mongolia
  •  
    Reporters without borders
  • Funded by
    BMZ