Tert AM LLC

Tert Am LLC owns and operates the Tert.am website. The company was founded in 2013 and is registered with the State Revenue Committee as a news agency.

The company's founder, Seda Harutyunyan, left one year after establishment in 2014. Limited information about her is available in public sources.

Since 2019, Quartet Media CJSC has been the sole shareholder, holding 100% ownership of Tert Am LLC. Despite Quartet Media's announcement in 2022 that it was ceasing operations, the State Register of Legal Entities continues to list Quartet Media CJSC as the owner as of 2025.

Key Facts

Business Form	Commercial / For-profit
Legal Form	Limited Liability Company (LLC)

Ownership

Individual Owner	Arman Saghatelyan 25 Samvel Farmanyan 25 Mihran Hakobyan 50

Media Outlets

tert.am
ONLINE

Facts

Founding Year	2013
Founder	Seda Harutyunyan Seda Harutyunyan founded Tert Am LLC in 2013 and withdrew from the company in 2014. Publicly available information about her is extremely limited.
Contact	Charents 1 0025 Yereva Armenia editor@tert.am +374 41 76 88 38 www.tert.am
Tax / ID Number	LLC 00125191 State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia

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

Other Influential People	Mikayel Minasyan Mikael Minasyan is the son-in-law of Armenia's third President, Serzh Sargsyan. He held several positions: Consul of San Marino in Armenia (2005-2013), Assistant to the Prime Minister (2007-2008), First Deputy Chief of Staff of the President (2008-2012), Ambassador to the Vatican (2013-2018), and concurrently Ambassador to Portugal (2017-2018). Media reports from 2010 indicated that Gerald Cafesjian's 50% stake in Armenia TV passed to Minasyan. From approximately 2010 to 2019, Armenia TV operated as part of Panarmenian Media Group, which included Armenia TV, A-TV, ArmNews, Panarmenian TV (USA), websites tert.am and blognews.am, and radio stations Radio Jan and Lav Radio. Media reports identified Minasyan as the real owner of this media group, though he was never listed as the legal owner in official registries. Following anti-government protests in April 2018 that led to Serzh Sargsyan's resignation as Prime Minister, Minasyan was recalled from his ambassadorial post and left Armenia. Criminal charges for money laundering were filed against him. He has published video messages from abroad criticizing current authorities. In 2019, Panarmenian Media Group ceased operations. The announcement stated that 100% of Armenia TV shares belonged to Artur Janibekyan's family. According to the State Register of Legal Entities, Robert Hovhannisyan (Janibekyan's brother-in-law) has been the registered owner since 2018.

Other Influential People

Mikayel Minasyan
Mikael Minasyan is the son-in-law of Armenia's third President, Serzh Sargsyan. He held several positions: Consul of San Marino in Armenia (2005-2013), Assistant to the Prime Minister (2007-2008), First Deputy Chief of Staff of the President (2008-2012), Ambassador to the Vatican (2013-2018), and concurrently Ambassador to Portugal (2017-2018).
Media reports from 2010 indicated that Gerald Cafesjian's 50% stake in Armenia TV passed to Minasyan. From approximately 2010 to 2019, Armenia TV operated as part of Panarmenian Media Group, which included Armenia TV, A-TV, ArmNews, Panarmenian TV (USA), websites tert.am and blognews.am, and radio stations Radio Jan and Lav Radio. Media reports identified Minasyan as the real owner of this media group, though he was never listed as the legal owner in official registries.
Following anti-government protests in April 2018 that led to Serzh Sargsyan's resignation as Prime Minister, Minasyan was recalled from his ambassadorial post and left Armenia. Criminal charges for money laundering were filed against him. He has published video messages from abroad criticizing current authorities.
In 2019, Panarmenian Media Group ceased operations. The announcement stated that 100% of Armenia TV shares belonged to Artur Janibekyan's family. According to the State Register of Legal Entities, Robert Hovhannisyan (Janibekyan's brother-in-law) has been the registered owner since 2018.

Headlines	Mediaport’s swift career. Who is behind it? (2021), fip.am, Accessed on 28.09.2025 Aram Antinyan: Tert.am and Radio 107 FM will resume their operations (2022), panorama.am, Accessed on 21.08.2025 ««ՊանԱրմենիան մեդիա գրուպ»-ից մինչև «Քառյակ մեդիա», հետո սնանկացում» (2022), media.am, հասանելի՝ 28.09.2025 «Mediaport-ի սրընթաց «կարիերան». ովքեր են կանգնած դրա հետևում» (2021), fip.am, հասանելի՝ 28.09.2025
Data Publicly Available	ownership data is easily available from other sources, e. g. public registries etc.
Meta Data	The last financial report published on Tert.am was in 2021, covering the 2020 fiscal year, when the outlet was part of Quartet Media. The website's "About Tert.am" section lists 9 employees, though this cannot be confirmed as the complete staff count for Tert Am LLC; full employment data remains unavailable. Despite announcing in 2022 that it was ceasing operations, Quartet Media CJSC remains the registered 100% owner of both Tert Am LLC and Radio 107 FM LLC as of September 2025. In 2025, the company's ownership structure changed: Karen Bekaryan withdrew as an ultimate beneficial owner (UBO), transferring his 25% share to Mihran Hakobyan. The three remaining UBOs are Mihran Hakobyan, Samvel Farmanyan, and Arman Saghatelyan. The State Revenue Committee lists Quartet Media CJSC as bankrupt. However, the bankruptcy case remains pending before the Court of Cassation, with no final ruling issued. Media Ownership Monitor contacted Aram Antinyan, director of Tert Am LLC, for clarification on these matters but did not receive a response.
Sources	PanArmenian Media Group Announces the Suspension of Operations (2019) [Armenian], azatutyun.am. Accessed on 28.09.2025 Quartet Media Company Has Acquired Tert AM, ArmNews, Radio 107 FM (2019) [Armenian], hetq.am. Accessed on 28.09.2025 Quartet Media is Ceasing Operations (2022) [Armenian], hetq.am. Accessed on 28.09.2025 Aram Antinyan: Tert.am and Radio 107 FM will resume their operations (2022), panorama.am. Accessed on 21.08.2025 State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia. Accessed on 12․08․2025 DataLex Judicial Information System. Accessed on 12.08.2025
Documents (PDF)	Quartet Media profile (Armenian) Link File Quartet Media Beneficial ownership declaration (Armenian) Link File Quartet Media CEO (Armenian) Link File Quartet Media charter (Armenian) Link File Quartet Media profile (Armenian) Link File Quartet Media Beneficial ownership declaration (Armenian) Link File Quartet Media CEO (Armenian) Link File Quartet Media owners (Armenian) Link File Quartet Media charter (Armenian) Link File