REN TV () is a Russian free-to-air television network, was founded on 1 January 1997 by Irena Lesnevskaya and her son, Dmitry Lesnevsky, who had been running REN TV as a production house for other national Russian television channels. Though it focuses mostly on audiences aged between 18 and 45 years old, the network offers programming for a wide range of demographics. REN TV's network is a patchwork of 406 independent broadcasting companies in Russia and the CIS. REN TV's signal is received in 718 towns and cities in Russia - from Kaliningrad in the West to Yuzhno-Sakhalinsk in the East. It has a potential audience of 113.5 million viewers (officially 120 million viewers with more than 12 million of them living in Moscow city and Moscow Oblast (Moscow Region). REN TV works with 10 broadcaster affiliates and 19 cable operators in the CIS and the Baltic states; 181 cities can receive REN TV's signal. Ownership Until 1 July 2005 the channel belonged to its founder Irena Lesnevskaya and her son (30%) and the Russian utility RAO UES headed by Anatoly Chubais. In 2005 Bertelsmann's RTL bought 30% of REN TV with steel maker Severstal and oil and natural gas company Surgutneftegaz each buying 35%. Severstal's Alexey Germanovich on 18 December 2006 ceded the chairperson of REN TV's board to Lyubov Sovershaeva, President Vladimir Putin's former deputy envoy to the North-West federal okrug and chairperson of the board at ABRos Investments, a subsidiary of St Petersburg's Russia bank. ABRos had bought a considerable stake in REN. The bank, whose chairman, Yury Kovalchuk, was a close friend of President Vladimir Putin, owned 38% of its home town's TRK Petersburg TV channel – and was likely to buy more of that company, analysts had told 19 December 2006's Kommersant-daily. REN TV and TRK Petersburg would merge into a single media holding, though they would operate independently, industry observers had told the daily. Russian media had reported that oil and gas group Surgutneftegaz had sold its stake in the channel to ABRos, which had increased its stake in the media company from 45% to 70%. '[T]here are indications that Bertelsmann was interested in selling up, after about 18 months in the Russian TV market,' the broadcasting news website added. Currently National Media Group owns 82%, and Russian state oil company Gazprom subsidiary SOGAZ owns 18%. Logos News coverage In November 2005 REN TV