Media Group Ukraine

{{Short description|Ukrainian media holding company}}

{{Infobox company

|name = Media Group Ukraine

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|type = Media Holding

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|key_people = Yevgeniy Bondarenko
CEO

|industry = Mass media

|products = Television, broadcasting, scenery, sales houses, new media, movies, entertainment, commercials production

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|website = {{URL|http://mgukraine.com/en/}}

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Media Group Ukraine ({{langx|uk|Медіа Група «Україна»}}) was a media holding company that manages System Capital Management Group's television and new media projects. The holding company is a professional investor in Ukrainian media business. Media Group Ukraine was one of the largest media holding companies in Ukraine.

In July 2022, it was announced that Rinat Akhmetov (sole owner of the media group) had left the media business.{{Cite news |date=11 July 2022|access-date=24 February 2023|language=English|title=UkrainianAkhmetov hands media business over to government – statement|url=https://en.interfax.com.ua/news/economic/845239.html|work=Interfax-Ukraine}} It was announced that Media Group Ukraine plans to give up all broadcast and satellite television licenses and print media licenses in Ukraine in favor of the state, as well as the termination of online media. Akhmetov explained the decision by citing Ukraine's new law on oligarchs, though insisted that he "was not, am not and will not be an oligarch."{{Cite web |title=Ахметов відмовився від своїх телеканалів та медіа-бізнесу |url=https://www.rbc.ua/ukr/news/ahmetov-otkazalsya-svoih-telekanalov-media-1657549089.html |access-date=2022-07-12 |website=РБК-Украина |language=ru}}{{Cite web |title=Ахметов заявив, що виходить із медійного бізнесу на користь держави |url=https://www.pravda.com.ua/news/2022/07/11/7357547/ |access-date=2022-07-12 |website=Українська правда |language=uk}} However, Forbes Ukraine reported that the Media Group Ukraine cost $100-150 million USD per year, thus it was not profitable business and Akhmetov decided to cut costs during the ongoing war with Russia.{{Cite web |date=2022-07-11 |title=Гордість чи збитки. Що змусило Ріната Ахметова відмовитись від всього медіабізнесу — Forbes.ua |url=https://forbes.ua/inside/gordist-chi-zbitki-shcho-zmusilo-rinata-akhmetova-vidmovitis-vid-vsogo-mediabiznesu-11072022-7108 |access-date=2022-07-12 |website=forbes.ua |language=uk}} On 21 July 2022 the National Council of Ukraine for Television and Radio canceled the licenses of the eight TV channels of Media Group Ukraine.{{Cite news |date=21 July 2022|access-date=24 February 2023|language=English|title=National TV Council annuls licenses of Rinat Akhmetov's TV companies|url=https://en.interfax.com.ua/news/general/847586.html|work=Interfax-Ukraine}}