Press was a daily middle-market tabloid newspaper published in Belgrade between 2005 and 2012. Launched by a group of journalists who left Kurir and published by the company they established called Press Publishing Group, Press quickly developed sizable readership, reaching high circulation in the process. In time, the company parleyed the daily's market success into other print media projects such as another daily Biznis, aimed at business people, as well as a lifestyle weekly magazine Lola and a glossy monthly magazine FAME. For years, much like many other Serbian media outlets, the paper faced speculation and accusations about its ownership structure. Rumours about the Press real owners being some of Serbia's most powerful politically connected business tycoons was rampant with individuals like Miroslav Mišković and Dragan Đilas often mentioned in this regard. The daily was shut down in November 2012 amid great controversy that played out in the Serbian media when tycoon Miroslav Mišković announced his pull-out from the paper's ownership structure, thereby confirming his long-speculated association with the paper. Ownership The Press owners controlled the paper through an entity named Press Publishing Group d.o.o. which was registered in Serbia as a limited liability company in mid October 2006. Initially, it was co-owned by the three parties: Amber Press Limited company from Cyprus (50%), individual Đorđe Stefanović (40%), and Mediavox d.o.o. company from Belgrade (10%). However, since Mediavox is also owned by Stefanović, Press Publishing Group was essentially a 50-50 joint venture between Stefanović and Cypriot Amber Press. The company quickly established itself on the Serbian media market, receiving accolades and posting good business returns. According to its 2007 annual financial report submitted to the Serbian Economic Register Agency, the company had 136 employees and it posted an annual profit of RSD58,830,000 (approximately € 0.7 million at the time) for the calendar year 2007. Then in May 2009, the ownership was restructured with Stefanović's 40% stake divided amongst 4 individuals: Biljana Kralj (22%), Đoko Kesić (6%), Dragan J. Vučićević (6%), and Svetomir Marjanović (6%). Over the years, there were frequent speculation about the identity of the individuals behind the companies listed in the Press ownership structure. Serbian tycoons and businessmen Miroslav Mišković and Dragan Đilas were often mentioned in this regard. On 12 November 2012, that speculation was confirmed when politically influential Serbian tycoon Miroslav Mišković announced his decision to sell his stake in the paper, admitting in the process