OREANDA-NEWS. November 13, 2012. Following the information published by some Ukrainian media that the owners of Segodnya newspaper are allegedly going to close down the edition, we consider it necessary to state that this information is NOT TRUE.

Segodnya newspaper is Ukraine’s leading general interest daily that ranks first in Kiev and 2nd in Ukraine (TNS Ukraine, NRS 2012 – Kiev, MMI 2012/1 +2012/2). The media outlet shows strong operational and financial performance and is one of the most successful newspapers in Ukraine.

SCM will continue developing this business (both print edition and the portal Segodnya.ua) as we’ve stated several times in different sources, including SCM's blog. We believe that both directions are vital for the future success of Segodnya Multimedia as a whole.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media and real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.