Group: Mongol Mass Media Group

Mongol Mass Media group was established in 2004 as Mongol Mass Media LLC. It used to publish the Ardyn Erkh newspaper, and since 2007 it started operating www.news.mn web portal. During that time, General Director of Altan Taria LLC, Tselmuun.P used to own 50 percent Mongol Mass Media LLC, and the remaining 50 percent of the company shares were owned by Bodi Group. In 2009, Altan Taria LLC sold its shares to Bodi Group, thus Bodi Group owned 100 percent of shares of Mongol Mass Media LLC and Bodi group licenses of Bolovsrol television and Eagle television. These media eventually became the Mongol Mass Media Group with new structures and news management, after acquiring Ardyn Erkh newspaper and News in 2009. Initially, in 1989, Bodi Group was established as Bodi conglomerate by then Member of the Parliament Bold Lu, Bayagalan D, and former Member of Parliament Zorigt M. In 2004, Zorigt M transferred his shares of Bodi Group to Bayasgalan D and left the group. Bodi Group operates in the field of banking and finance, insurance, media and communication, car sales, construction, investment, logistics, computer sales and maintenance, real estate, sales of electronic goods, and media. In 2013, the founder of Bodi Group started a dispute regarding their ownerships. As a result, Bayasgalan D held ownership of Golomt Bank, Mongol Mass Media, and some subsidiaries of Bodi Group.At present, Bayasgalan D owns 100 percent of shares of Bodi International Company, which owns 85 percent of shares of Golomt Bank. No information was found regarding the ownership status of other companies. For sure, [Golomt Bank (with 47,597,028,345 MNT) and Bodi International LLC (with 7,863,238,247 MNT) are regarded as amongst the top 100 taxpayers in Mongolia for the last 5 years] (http://www.mta.mn/news/show/1119).In 2007, Ardyn Erkh newspaper was stopped and the ownership of news.mn website was transferred to News Agency LLC (C-3095). In 2016, Ardyn Erkh newspaper was relaunched by Mongol Mass Media Group.Currently, Mongol Mass Media Group owns Ardyn Erkh newspaper, eagle.mn website, Undesnii Toim Magazine. These Media Houses are working under the Mongolian Media Corporation. This is one of the smaller companies that belong to Mongol Mass Media Group. Mongol Mass Media group is comprised of individual companies. It has over 400 employees in national Bolovsrol channel television LLC, Eagle Broadcasting LLC, Boxnetwork LLC /Box sport, Box movie, Box music, Dream television LLC, Shuud TV LLC, Ardyn Erkh newspaper, Toim magazine, FM 91.1 radio, and Mongol Comics LLC. The mission of the group is to become a content developer, supplier, and distributor to promote unique Mongolian content to the world market. Mongol Mass Media group owns two major companies: Ger Content and Mongolian media Corporation. Ger Content is comprised of entertainment channels, including Bolovsrol television, Movie Box, Box sport, Box movie, Box music, Dream television, and commercial channel Shuud TV; and the movie company Hulegu pictures. Second, Mongolian Media Corporation operates Eagle news television, Ardyn Erkh Newspaper, Undestny Toim magazine, www.eagle.mn web-portal, and radio FM 91.1.