Galajyan Family
The Galajyan family holds 24% ownership in Iravunk Media LLC. This stake underwent a change in documentation following the death of Hovhannes Galajyan in January 2024. The beneficial ownership declaration published in February 2025 lists 24% as belonging to Hovhannes Galajyan despite his death. However, a December 2024 amendment to the charter of Iravunk Media LLC removed Hovhannes Galajyan's name and redistributed the stake to Arman Galajyan (patronymic: Hovhannes) at 6% and Nvard Grigoryan at 18%. According to the State Register of Legal Entities of Armenia, all three individuals were registered at the same address.
Hovhannes Galajyan (1963-2024) served as editor-in-chief of Iravunk newspaper from its founding in 1989 until his death in 2024, with certain interruptions. He was a member of the Constitutional Right Union party since 1988 and served on the party presidency. During the 2007 split within the Constitutional Right Union, Galajyan sided with party vice-chairman Hayk Babukhanyan and co-founded the splinter newspaper Iskakan Iravunk (Real Right). He and director Gegham Grigoryan filed suit demanding reinstatement to their positions at the original Iravunk. The court ruled in their favor on November 20, 2007, and when Iravunk resumed publication on June 3, 2008, Galajyan returned as editor-in-chief.
No biographical information about Arman Galajyan or Nvard Grigoryan is publicly available beyond their shareholdings and shared address registration with Hovhannes Galajyan.
Media Companies / Groups
Media Outlets
Facts
| Affiliated Interests Family & Friends |
|
|---|
| Data Publicly Available | ownership data is easily available from other sources, e. g. public registries etc. | |
|---|---|---|
| Headlines |
| |
| 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 are affiliated with Iravunk newspaper. Iravunk Media LLC is identified in the print version as the entity conducting news activities. Iravunk Tert LLC was established in 2019, and the certificate details match those cited for Iravunk Media LLC. Iravunk Tert LLC has two shareholders: Ilona Azaryan, who holds 50% and works as a journalist for Iravunk, and Armen Gevorgyan, who holds 50% and is listed on the website 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 |
| |
| Documents (PDF) |
|