"24 News" LLC was established in 2018 as a news agency operating the 24news.am online platform in Armenia. The company represents a small-scale media operation that has positioned itself primarily as a video-content focused outlet rather than traditional text-based journalism, distinguishing it from conventional news websites through its emphasis on interview programming and political commentary.

The company's ownership structure has undergone significant changes since its founding. Originally established by Narek Galstyan (60%) and France-based Kevork Sachlean (40%), the ownership composition shifted dramatically in January 2025 when Galstyan transferred the majority of his stake to Poland-resident Krzysztof Smyk. Currently, Smyk holds controlling interest with 50%, while Sachlean maintains 40% and Galstyan retains 10%.

This ownership evolution raises questions about editorial control and decision-making authority, as the founding editor-director now holds a minority position while two foreign-based individuals control 90% of the company. Galstyan continues to serve as both director and editor, making him the public face of the operation through his hosting of programs like "Profzruyc" [“Proftalks”] alongside Turkologist Ruben Melkonyan.

The company's political connections run deep through Galstyan's extensive background in opposition politics, including his leadership of the Social-Democratic Hunchakyan Party and his history of confrontations with Armenian authorities. These political affiliations may influence the outlet's editorial positioning, though the extent of influence from the majority foreign shareholders remains unclear given the limited public information about their backgrounds and interests.