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Monitor

Monitor is the only business and economic weekly magazine in Albania. The magazine is in its 15th year of publication and offers news, analysis, opinion and statistic on economic and business issues. Monitor also publishes a monthly English version, which collects the most important articles published in local language by the magazine.

Key facts

Audience Share

1.06%

Ownership Type

Private

Geographic Coverage

National

Content Type

Paid content

Passive Transparency

upon request, ownership data is easily available from the company/channel

3 ♥

Media Companies / Groups

Union Grup LLC

Ownership

Ownership Structure

The weekly magazine Monitor is a publication of Media Union LLC. The sole owner of Media Union is the company Union Group LLC – 70 per cent of the shares of Union Group LLC are owned by the brothers Edmond and Niko Leka, 10 per cent of the shares are owned by Varuzhan Piranjani, 10 per cent by Eduard Shima and 10 per cent by Gjergj Misha.

Voting Rights

Only the shareholders have the right to vote.

Individual Owner

Group / Individual Owner

Varuzhan Piranjani

Varuzhan Piranjani is a construction enterpreneur. He is a shareholder of the companies „Union Grup“, „Union Net“ and „Union Financiar Tirane“ founded by Leka’s brothers.

10%
Media Companies / Groups
Facts

General Information

Founding Year

2000

Affiliated Interests Founder

Edmond Leka – started his career as an engineer in the Albania Power Corporation, before moving to the private sector in 1997 in order to help his brother Niko Leka to expand Western Union in the country. Today, the Leka brothers own a string of companies, with Union Bank considered as the crown jewel. In 2000 Edmond Leka entered the media market by launching the economic weekly ‘Monitor.’ The two brothers bought 20% of the pay-per-view platform DigitAlb in December 2005, through their company Union Distribucion Servis Albania LLC. In January 2016, Union Distribucion Servis Albania LLC sold 10% of the shares to Union Group Sh.p.k. where 70% of the shares are owned by the Leka brothers.

Affiliated Interests Ceo

Gent Joca – was appointed as CEO of Media Union LLC in February 2015, replacing in this post the businessman Edmond Leka. Earlier he has worked for the company Press Point Albania.

Affiliated Interests Editor-In-Chief

Ornela Liperi – is a well-known business journalist. She holds the position of editor in chief of the magazine Monitor for more than a decade.

Contact

Njesia Bashkiake nr.5, Rruga "Sulejman Delvina",

Nd.25, H.7, Kodi Postar 1019, Tirana

Tel: +355 42250653

Website: monitor.al

Financial Information

Revenue (in Mill. $)

0.46 Mio. $ / 59.12 Mio. Lek

Operating Profit (in Mill. $)

0.00 Mio. $ / 0.54 Mio. Lek

Advertising (in % of total funding)

MIssing Data

Market Share

10.0%

Further Information

Meta Data

The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2016. The Central Bank's average exchange rate for 2016 was used to convert the amounts into USD. For the purpose of evaluating weight of assets and revenues of this company in the print media market, MOM have calculated the value of assets, revenues and profits of 11 Print Media Companies. The companies/outlets included in the calculation are as follows: Panorama, Gazeta Shqiptare, Koha Jone, Mapo, Shekulli, Tema, Dita, Shqiptarja.com, Standard, Sot News and Monitor.

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    BIRN ALBANIA
  •  
    Reporters without borders
  • Funded by
    BMZ