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Georgia’s ex Economy Minister to run Imedi2009-07-14 17:39
Georgian Imedi Production Group that manages Imedi TV and the same-name radio-station is going through staff changes.gt-en-newsitem-inside
Georgia's ex Minister of Economic Development Georgy Arveladze is appointed CEO, Lenta.ru reports with reference to Interpressnews.
Earlier the company was controlled by Georgy Isakadze who as some sources report will now be in charge of the Federation of Business people of Georgia.
The agency doesn't specify the reasons of management reshuffles.
Imedi Holding that runs a TV channel, a radio station and a technical service was established by businessman Badri Patarkatsishvili in early 2000s.
It wasn't long before the channel that rapidly became one of the most popular media in Georgia had acquired the status of a leading opposition media resource.
On November 7 2007, the day of opposition rally dispersion the Imedi equipment was smashed down by Georgian riot police forcing the TV Company to suspend broadcasting for a while.
This February 90% equity stake in Imedi Holding was acquired by Georgian-Arabian RAK Georgia Holding. 10% equity stake belongs to the former owner, Badri Patarkatsishvili's stepbrother Joseph Key.
After Patarkatsishvili's death it was expected that Imedi and other assets of the deceased entrepreneur would go to his widow, Inna Gudavadze. However it was Joseph Key who laid claim to the TV channel. Gudavadze accused him of fraud and tried to contest his claim in court. In early July it became known that Tbilisi Court of Appeal had rejected the widow's claim leaving the ruling of the city court in force and thus confirming Joseph Key's right to the execution of the will.