On June 20, it was announced that 27-year-old Serhiy Kurchenko bought UMH. Media reports, including Forbes Ukraine which he now owns, have often referred to him as being a front for a group of individuals close to Oleksandr Yanukovych, the elder son of President Viktor Yanukovych.
On this day, Ukraine’s media world was turned on its head.
Most likely, in the next few months we will see the last big independent publications disappear, together with any hopes of resuscitating Ukraine’s media market. The editors and journalists we still like will continue to conscientiously fulfill their duties, but they will look like the musicians on the sinking Titanic. In their tuxedos and bow ties they will stoically face the end.