National Media Group was founded in 2008 and acquired its 68 per cent majority stake in Ren TV in the same year. Since then, the company has become one of the leading media groups in Russia, with holdings in the following assets: Ren TV (68 per cent), Channel 5 St. Petersburg (72 per cent), the Russian market leader Channel One (25 per cent) and the daily newspaper Isvestija (50.19 per cent).