Armen Tavadyan founded 5th Channel in 2018 through Shark LLC, of which he is the sole shareholder. The channel was established on the basis of the former Ararat TV channel.

Tavadyan led the Representation of Nagorno-Karabakh in Moscow from 1993 to 2005. He participated in the Karabakh war in the 1990s.

In 2019, Tavadyan was charged with attempting to obstruct justice in the trial of former President Robert Kocharyan. The court terminated prosecution in 2022 due to statute of limitations.

Media reports indicate Tavadyan participated in rallies supporting Kocharyan. When asked about potential conflict of interest as owner of 5th Channel, Tavadyan stated he does not interfere in the channel's professional matters.

Harutyunyan has served as Director of 5th Channel since 2018.

He has worked in media since 1993, contributing to newspapers "Ayzhm," "Iravunk," and the "Past" news service. His television career includes Deputy Executive Director at National Television of Armenia (1998), Director of "Haylur" news service at Public Television (2004-2010), and Director of News and Analytical Programs at Public Television (2016-2018). He was Editor-in-Chief of "Yerkir" daily (2010), editorial board member of "Andin" literary magazine (2013), and member of the National Commission on Television and Radio (2011-2016).

Since 2004, he has held 20% ownership in Idea-S LLC, which according to State Revenue Committee data engages in wholesale trade of perfumes and cosmetics.

Herikyan serves as head of the news service at 5th Channel and member of its Ethics Commission.

Previously, he worked at Public Television as correspondent and head of the European office. He was commentator and producer of the First news program (2011), director of the Zham program at Armenia TV (2012), and head-producer of news broadcasts at Public Television (2016-2018).

Arpine Hovhannisyan is a lawyer by profession and former Armenian politician. She has held several key positions, most notably serving as Minister of Justice and as Deputy Speaker of the National Assembly. In 2019, she ended her membership in the Republican Party of Armenia and has since focused on legal practice. By agreement, she also serves as a member of the Ethics Commission for "5th Channel" TV.

Vardan Aloyan is a journalist and producer. He studied at the Faculty of Journalism of the Maxim Gorky Institute of Literature from 1974 to 1979. Between 1981 and 1989, he worked as a correspondent for the newspaper "Kommunist," and from 1989 to 2000, he was the correspondent for "Komsomolskaya Pravda" in Armenia. He served as editor-in-chief of "Respublika Armenia" from 2000 to 2004 and was director of the CS Publishing House from 2004 to 2014. In 2015 and 2016, Aloyan was head of the Public Relations Service and press secretary to the general director of South Caucasus Railway CJSC. Since 2017, he has been deputy chairman of the Union of Journalists of Armenia. Since 2018, Aloyan has been a producer at the Sputnik Armenia press center. He is also, by agreement, a member of the Ethics Commission at "5th Channel" TV.

Hakob Avetikyan graduated from the Faculty of Philology at Yerevan State University in 1970. From 1970 to 1980, he worked as a correspondent for "Zartonk," the official newspaper in Beirut, and from 1980 to 1990 served as its editor-in-chief. In 1990, Avetikyan returned to Armenia and founded the daily newspaper "Azg," which he continues to edit. He is a member of the Union of Journalists of Lebanon and the Union of Journalists of Armenia, and serves as a board member of the "Tekeyan" Cultural Association. By agreement, he is also a member of the Ethics Commission of the "5th Channel" TV company.

Ruben Melikyan is a lawyer, teaches at the Faculty of Law of Yerevan State University, is an associate professor at the Department of Criminal Procedure and Criminology. He worked at the Court of Cassation of the Republic of Armenia, was the Deputy Minister of Justice of the Republic of Armenia, the Rector of the Academy of Justice of the Republic of Armenia, and was later appointed Human Rights Defender of Nagorno-Karabakh. Ruben Melikyan has also served as Deputy Minister of Justice of Armenia. He founded the NGO “Legal Way.” He is a member of the Ethics Committee of the “5th Channel” TV station, on a voluntary basis.