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"Armenian Reporter" Changes Hands

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  • "Armenian Reporter" Changes Hands

    NEWS RELEASE
    CS Media Enterprises, LLC
    15 South Fifth Street, Suite 900
    Minneapolis, Minnesota 55402
    Contact: Vincent Lima
    Tel: 374-93-939392
    E-mail: [email protected]
    Web: http://www.armenianreporteronline.com/


    "THE ARMENIAN REPORTER INTERNATIONAL"
    CHANGES HANDS, REMAINS INDEPENDENT

    "The Armenian Reporter International" was purchased on 19 May by CS
    Media Enterprises, LLC, which is owned by the Cafesjian Family
    Foundation, a private foundation established by Gerard L. Cafesjian.

    Based in the New York metropolitan area, the "Armenian Reporter"
    carries news from every Armenian community in and out of the United
    States. The newspaper, established in 1967, likewise covers political,
    social, cultural, and other developments in Armenia and surrounding
    countries.


    CAFESJIAN FAMILY FOUNDATION INVESTS

    The Cafesjian Family Foundation is a partner is the largest
    independent media company in Armenia . CS Media Armenian operations
    include Armenia TV, CNN Armenia, TV 5, ArmNews, Radio FM 107, CS Films
    (formerly HyeFilm), Armenia Film Studios, and CS Publishing. Armenia
    TV, the largest and highest rated television channel in Armenia, is
    broadcast throughout the Republics of Armenia and Nagorno-Karabagh,
    and is available via satellite in Europe , Russia, and the Middle
    East, and via Dish Network in the United States .

    Mr. Cafesjian has numerous other business and philanthropic activities
    in Armenia. They include Cascade Capital Holdings, a financial
    services group that is introducing Western insurance, credit, and
    banking practices in Armenia; SolarEn International, an energy company
    with an emphasis on environmentally friendly technologies working to
    promote and develop Armenia's independent energy sector using solar,
    wind, hydro, and fuel-cell energy; and the Cafesjian Museum
    Foundation, which is developing The Gerard L. Cafesjian Center for the
    Arts in central Yerevan. Together, these entities currently employ
    some 1,500 citizens of Armenia.


    PLANS TO REACH MORE READERS

    In an editorial discussing the change in ownership, the publishers
    promised to reach out to Armenian-Americans everywhere, to invite them
    to read the newspaper and get involved in Armenian affairs. They also
    promised "changes in design, printing, and electronic delivery."

    The new owners announced that certain things will stay the same. The "
    Armenian Reporter" will maintain its status as a nonpartisan
    newspaper. Sylva Boghossian will remain as publisher and Aris Sevag
    will continue to serve as managing editor. Edward Boghosian, the
    founder of the "Armenian Reporter," will become a consultant and
    contributing editor. Additional personnel will be added as the
    "Armenian Reporter" expands its content and coverage.

    In the editorial heralding the change in ownership, the newspaper
    commits itself to "remain a forum for diverse views expressed in
    columns, articles, and letters." The newspaper also plans to maintain
    its investigative edge, promising to hold people "who rely on the
    support of the community" accountable.

    In announcing the changes, the Boghossian family stated: "As part of a
    larger network, we will be able to reach many more readers and will be
    better able to provide our readers with relevant content. An important
    part of our decision to join the CS Media family was the fact that the
    ' Reporter' would remain nonpartisan. We'd like to thank all of our
    subscribers who stayed loyal to us these past forty years, and we look
    forward to continuing to serve our community through the paper under
    the new ownership."

    In announcing the acquisition, Mr. Cafesjian said, "I am grateful to
    Eddie Boghosian for forty years of service, and I welcome the
    continued involvement of Eddie and his daughter Sylva in the newspaper
    they built. Together, we will build on what's best about the '
    Armenian Reporter,' and make it a source for increasingly effective
    communications to ultimately benefit Armenians everywhere."

    ###

    "The Armenian Reporter International"
    EDITORIAL, 27 May 2006: "GREETINGS - AND THANKS"

    As of this week, the "Armenian Reporter" is owned and operated by CS
    Media Enterprises, LLC, which is owned by the Cafesjian Family
    Foundation, a private foundation established by Gerard L. Cafesjian.

    Continuing the "Armenian Reporter"'s forty-year history of public
    service, and aware of the expanded resources available to it as part
    of the Cafesjian Family Foundation, we are excited about the new era
    ahead of us.

    There are hundreds of thousands of individuals and families of
    Armenian origin throughout the United States. Many are actively
    involved in Armenian affairs - sustaining associations and churches,
    supporting the Armenian lobby, visiting Armenia and Karabagh, and
    contributing to their development. Part of our newspaper's role is to
    connect you, and to reach out and bring more and more individuals and
    families into community life.

    Our goal is to create a new era of Armenian journalism. To do this, we
    will offer a newspaper that is reliable in content, scrupulous in
    separating fact from opinion, and relevant to today's Armenian
    American, regardless of his or her age.

    Over the months to come, you will observe changes in design, printing,
    and electronic delivery. Our goal is to improve your reading
    experience and make it more convenient to your lifestyle.

    But, most importantly, we will strive to play an important role in
    Armenian affairs.

    Our editorial pages will remain a forum for diverse views expressed in
    columns, articles, and letters from our readers. We will cultivate and
    welcome new voices and new perspectives from the United States ,
    Armenia and Karabagh.

    The commitment of CS Media Enterprises and the Cafesjian Family
    Foundation is clear: we want a free, independent, democratic Armenia;
    we want Armenia to be secure in its borders; we want to promote ever
    stronger bonds between Armenia and its friends; we want to encourage
    responsible investment in Armenia so that its economy may grow in a
    manner that is sustainable, that benefits the entire population,
    particularly the working people; we want to encourage educational,
    scientific and technological progress that makes life easier, yet
    protects the air we breathe, the water we drink, and the food we eat;
    we want Armenian arts, culture, and sports to flourish.

    And we want an Armenian Diaspora that celebrates its diversity, yet is
    able to come together and act as one where needed. We seek a Diaspora
    that builds strong institutions that work for the common good. In
    short, we are committed to a nation that is cognizant of its history
    and looks forward to a bright future.

    In our news pages, we are especially well positioned to offer original
    reporting from Armenia and Karabagh. You will see more of this in the
    weeks and months to come. We remain deeply committed to our coverage
    of Armenian-American events. To this task we will commit additional
    journalistic resources.

    We expect people in government, leaders of organizations, and others
    who rely on the support of the Armenian community to act responsibly,
    transparently, and in the best interests of their constituents. Our
    readers can rely on us to report responsibly.

    In our reporting, when we cover organizations and businesses in which
    the owners of the newspaper have business or philanthropic interests,
    we will alert our readers. The Cafesjian Family Foundation is a
    partner is the largest independent media company in Armenia . CS Media
    Armenian operations include Armenia TV, CNN Armenia, TV 5, ArmNews,
    Radio FM 107, CS Films (formerly HyeFilm), Armenia Film Studios, and
    CS Publishing. Armenia TV, the largest and highest rated television
    channel in Armenia , is broadcast throughout the Republics of Armenia
    and Nagorno Karabagh, and is available via satellite in Europe ,
    Russia, and the Middle East, and via Dish Network in the United
    States.

    In addition to media, the owners' interests now include SolarEn
    International, an energy company with an emphasis on environmentally
    friendly technologies working to promote and develop Armenia's
    independent energy sector using solar, wind, hydro, and fuel-cell
    energy; Cascade Capital Holdings, a financial services group that is
    introducing Western insurance, credit, and banking practices in
    Armenia; real estate holdings; and the Cafesjian Museum Foundation,
    which is developing The Gerard L. Cafesjian Center for the Arts in
    central Yerevan. Together, these entities currently employ some 1,500
    citizens of Armenia , and we expect robust growth in the future.

    As the "Armenian Reporter" enters this new era, we are grateful to
    you, our readers and advertisers, for staying with us and sustaining
    us in our commitment to public service. Greetings and thanks!
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