Saturday, June 23, 2018

Aristov sells shares in STS-Chelyabinsk TV channel

Alexander Aristov, a former government official, sold his shares in the STS-Chelyabinsk TV channel, which have now passed to the Legislative Assembly of the Chelyabinsk region.

Aristov formerly owned the channel with Andrew Baryshev, his business partner. Sixty-five percent of STS-Chelyabinsk was Aristov's Info-TV, while 35 percent of the channel was Baryshev's Metar, reports.

Aristov sold his shares in the channel after determining that concentrating on his other businesses would be more profitable. Aristov owns stakes in Chelyabinsk Electric Works and the Ariant Center for Food Industry.

Baryshev considered using the channel as a political resource, but found the challenge too great, reports.

"CTC, our main partner, requires that all stories fit his concept," Baryshev said, according to "News should be more entertaining, even if it is about the story of everyday city life. There can be no political investigations, revelations and the like. And our journalists work to fit this concept, even in the framework of cooperation with official institutions."

Aristov was a member of the Legislative Assembly between 1996 and 2001 and was a senator from 2001 to 2003. After attempting and failing to become a member of the State Duma, he closed himself off from the press.

Baryshev was elected to the Legislative Assembly in 2010 and may consider running for Chelyabinsk mayor's seat in 2013.