Iravunk

Iravunk newspaper was founded in 1989 as the official publication of the Constitutional Rights Union party, led by Hrant Khachatryan. The newspaper was established to serve as the party's media voice.

Publication of Iravunk ceased on February 20, 2007, due to a power struggle within the Constitutional Rights Union between party chairman Hrant Khachatryan and vice-chairman Hayk Babukhanyan. The conflict began in September 2006 when a party congress elected Khachatryan as honorary chairman while Babukhanyan assumed the position of council chairman. Although Khachatryan had initially stated his intention to leave politics, he reversed course and filed a lawsuit. On January 31, 2007, the court annulled the congress decision and restored him to the chairman position.

Babukhanyan and Iravunk editor-in-chief Hovhannes Galajyan founded their own newspaper, Iskakan Iravunk (Real Right), on February 27, 2007. Galajyan and director Gegham Grigoryan filed suit demanding reinstatement to their positions at Iravunk. The court ruled in their favor on November 20, 2007, ordering their restoration.

The intra-party dispute was resolved when publication of Iravunk resumed on June 3, 2008, under the leadership of Hovhannes Galajyan and Gegham Grigoryan, with Hayk Babukhanyan returning as editorial board chairman.

Iravunk is published three times weekly on Tuesday, Wednesday, and Friday. Part of the newspaper's archive is available on iravunk.com, which presents materials from the print edition as well as information about Iravunk Media Holding and the Constitutional Rights Union party.

The entity conducting Iravunk's news activities, as indicated in the print version, is Iravunk Media LLC. However, the certificate and registration date of this entity correspond to Iravunk Tert (Iravunk Newspaper) LLC, which was established in 2019. According to the 2025 income tax declaration, the owners of this company are Ilona Azaryan and Armen Gevorgyan, who are listed in Iravunk Media Holding's staff as journalist and publisher of Iravunk respectively. The founding president of the holding is Hayk Babukhanyan, who holds 52% of the shares in Iravunk Media LLC.

Following the death of Hovhannes Galajyan, the newspaper has not indicated an editor-in-chief.

Key Facts

Audience Share	Missing Data
Ownership Type	Private
Geographic Coverage	National
Content Type	Paid
Data Publicly Available	ownership data is easily available from other sources, e. g. public registries etc.

Ownership

Ownership Structure	Two companies operate under the Iravunk brand with overlapping but distinct roles. Iravunk Tert LLC, established in 2019, conducts publication of the print newspaper. Iravunk Media LLC operates as the media holding company that encompasses the print newspaper, the iravunk.com website, ITV television company, and the Russian-language newspaper Komsomolskaya Pravda v Armenii. However, inconsistencies appear in different issues of the printed newspaper: some identify the publisher as Iravunk Tert LLC with the corresponding registration number, while others list Iravunk Media LLC but cite Iravunk Tert's certificate number. The Babukhanyan family holds 54% of shares in Iravunk Media LLC, the Grigoryan family holds 24%, and the Galajyan family holds the remaining 24%. Iravunk Tert LLC has two shareholders: Ilona Azaryan and Armen Gevorgyan, each holding 50%.
Voting Rights	According to the company charter, the highest governing body is the general meeting of participants, which holds ultimate authority to make decisions on any matter of company management and operations. Day-to-day activities are managed by the director, who is authorized to conduct transactions on behalf of the company without additional approval provided the transaction amount does not exceed 25% of the company's net assets.
Individual Owner	Galajyan Family 24 Gergham Grigoryan 24 Babukhanyan Family 52

Ownership Structure

Two companies operate under the Iravunk brand with overlapping but distinct roles. Iravunk Tert LLC, established in 2019, conducts publication of the print newspaper. Iravunk Media LLC operates as the media holding company that encompasses the print newspaper, the iravunk.com website, ITV television company, and the Russian-language newspaper Komsomolskaya Pravda v Armenii. However, inconsistencies appear in different issues of the printed newspaper: some identify the publisher as Iravunk Tert LLC with the corresponding registration number, while others list Iravunk Media LLC but cite Iravunk Tert's certificate number.

The Babukhanyan family holds 54% of shares in Iravunk Media LLC, the Grigoryan family holds 24%, and the Galajyan family holds the remaining 24%. Iravunk Tert LLC has two shareholders: Ilona Azaryan and Armen Gevorgyan, each holding 50%.

Voting Rights

According to the company charter, the highest governing body is the general meeting of participants, which holds ultimate authority to make decisions on any matter of company management and operations. Day-to-day activities are managed by the director, who is authorized to conduct transactions on behalf of the company without additional approval provided the transaction amount does not exceed 25% of the company's net assets.

Individual Owner

Media Companies / Groups

Iravunk Media LLC

Facts

Founding Year	1989 Iravunk newspaper was founded in 1989 as the official publication of the Constitutional Right Union party, led by Hrant Khachatryan. The newspaper was established to serve as the party's media voice.
Founder	Constitutional Rights Union Party The Constitutional Rights Union party founded Iravunk newspaper in 1989 as its official publication. The party was established the same year by Hrant Khachatryan. The party held seats in the National Assembly across three convocations: 1999 (two MPs: Hrant Khachatryan and Hayk Babukhanyan), 2003 (one MP: Hrant Khachatryan), and 2012 (one MP: Hayk Babukhanyan). Hayk Babukhanyan has served as party chairman since 2006. According to party statements and publications by its leadership, the party advocates for Armenia's development through cooperation with Russia and strengthening bilateral relations.
CEO	Gergham Grigoryan Gegham Grigoryan serves as director of both Iravunk Media LLC and Iravunk Tert LLC. He holds 24% ownership in Iravunk Media LLC and is a member of the presidency of the Constitutional Rights Union party. Grigoryan has been involved with Iravunk newspaper since at least 2007, when he served as director during the intra-party dispute within the Constitutional Rights Union. In that role, he joined editor-in-chief Hovhannes Galajyan in filing suit demanding reinstatement to their positions after the newspaper's publication was suspended. The court ruled in their favor on November 20, 2007, ordering their restoration. When Iravunk resumed publication on June 3, 2008, Grigoryan returned as director. A discrepancy exists in ownership documentation: according to the December 2024 amendment to the charter of Iravunk Media LLC, 24% of the company is owned by Levon Grigoryan (patronymic: Gegham). However, in the 2025 beneficial ownership declaration, Levon Grigoryan's name is absent and the 24% stake is attributed to Gegham Grigoryan. No biographical information beyond his roles at Iravunk and the Constitutional Rights Union party is publicly available.
Other Important People	Ilona Azaryan Ilona Azaryan owns 50 percent of the shares of Iravunk Tert LLC and works at Iravunk newspaper as a journalist. Armen Gevorgyan Armen Gevorgyan owns 50 percent of the shares of Iravunk Tert LLC and works at Iravunk newspaper as a publisher.
Contact	Baghramyan 59 apt 6 0033 Yerevan Armenia Iravunk@iravunk.com +374 10 22 67 30 http://www.iravunk.com

Revenue	Missing Data
Operating Profit	Missing Data
Advertising (in % of total funding)	Missing Data
Market Share	Missing Data

Headlines	(Armenian) Hovhannes Galajyan’s biography at iravunk.com, 2024, Accessed on 04.10.2025 (Armenian) The archive of Iravunk newspaper, iravunk.com, Accessed on 03.10.2025 (Armenian) Iravunk newspaper’s 31th anniversary, iravunk.com, 2020, Accessed on 04.10.2025 (Armenian) Naira Zohrabyan's Facebook post about laying down the duties of the General Secretary of the 'Prosperous Armenia' Party, Facebook, 2021, Accessed on 04.10.2025 Pressure on Broadcast Media Increased as Another Cycle of National Elections Started (2007), Yerevan Press Club, Accessed on 06.10.2025
Meta Data	The ownership structure of Iravunk presents significant discrepancies between official sources. According to the State Register of Legal Entities of Armenia published in January 2025, the owners of Iravunk Media LLC are Zaruhi Babukhanyan (33%), Levon Grigoryan (24%), Hayk Babukhanyan (19%), Nvard Grigoryan (18%), and Arman Galajyan (6%). However, the beneficial ownership declaration dated February 20, 2025, lists ownership as Hayk Babukhanyan (52%), Gegham Grigoryan (24%), and Hovhannes Galajyan (24%). Hovhannes Galajyan died in January 2024, yet his name appears in the 2025 beneficial ownership declaration. Additionally, the State Register lists Levon Grigoryan (patronymic: Gegham) while the beneficial ownership declaration lists Gegham Grigoryan for the same 24% stake. MOM Team has consolidated ownership profiles based on family relationships. The Babukhanyan family profile combines Zaruhi Babukhanyan's 33% and Hayk Babukhanyan's 19%, totaling 52%. The Galajyan family profile combines stakes held by individuals registered at the same address: Arman Galajyan (patronymic: Hovhannes) at 6% and Nvard Grigoryan at 18%, totaling 24%. The Grigoryan family profile reflects the 24% stake listed under Levon/Gegham Grigoryan. Two companies operate under the Iravunk brand. Iravunk Tert LLC, established in 2019, conducts publication of the print newspaper. However, inconsistencies appear in the printed versions of the newspaper: some issues identify the publisher as Iravunk Tert LLC with the corresponding registration number, while others list Iravunk Media LLC but cite Iravunk Tert's certificate number. Iravunk Media LLC operates as the media holding company that encompasses not only the print newspaper but also the iravunk.com website, ITV television company (launched in 2018), and the Russian-language newspaper Komsomolskaya Pravda v Armenii. Both companies share overlapping ownership structures, with Iravunk Tert LLC owned by Ilona Azaryan (50%), who works as a journalist for Iravunk, and Armen Gevorgyan (50%), who is listed as the newspaper's publisher. No additional biographical information about Azaryan or Gevorgyan is publicly available. No biographical information is available about Arman Galajyan or Nvard Grigoryan beyond their shareholdings. Financial data, including revenue and operating profit, are not available in the public domain. Information on the number of employees, market share, and audience reach is also not publicly available. Some sections of the iravunk.com website remain incomplete.
Sources	Agency for State Register of Legal Entities, Government of Republic of Armenia, Accessed on 05.08.2025 Republic of Armenia Central Election Commission, Accessed on 04.10.2025 Hovhannes Galajyan’s biography at the website of the Union of Journalists of Armenia, Accessed on 4.10.2025 Naira Zohrabyan’s biography at parliament.am, Accessed on 3.10.2025 Hayk Babukhanyan’s biography at parliament.am, Accessed on 3.10.2025
Documents (PDF)	Iravunk Media LLC Beneficial ownership declaration (Armenian) Link File Zaruhi Babukhanyan at Union of Regional Science-Educational Centers Link File Iravunk tert LLC Beneficial ownership declaration (Armenian) Link File Iravunk Media LLC charter (Armenian) Link File Hayk Babukhanyan at Business Z-PR (Armenian) Link File Hayk Babukhanyan at The Constitutional Rights Union Link File Iravunk Media LLC Charter updated (Armenian) Link File