Koha Jone LLC
Koha Jonë LLC is the publisher of one of the oldest continuously published newspapers in the country. Published first as an official gazette of the Labor Party for the region of Lezhe, it was privatized and published as independent newspaper since 1991. Between 1992 and 1997, it was considered one of the most critical newspapers against the government of the era and was burned down, allegedly by the secret services of the time. In 1993, two of its editors, Aleksandër Frangaj and Martin Leka were arrested and charged for "exposing military secrets" and for disseminating false information, a penal offense in Albania up to 2012. Its journalists were repeatedly harassed and, in several cases, beaten or imprisoned.
However, after 1997 collapse of the Democratic Party rule, some of the Koha Jonë staff managed to get government positions, including the then Editor in Chief Ben Blushi, who became deputy minister of Foreign Affairs and Minister of Education, while Martin Leka, one of the editors, become director in the public television under the leftwing government.
Koha Jonë faced stiff competition after 1998, when Shekulli Newspaper started to sell for 10 Lek (a copy of Koha Jonë was 50 Lek). Nikoll Lesi, at that time sole owner of the newspaper and Member of the Parliament, tried to fight the problem through antidumping legislation. Shekulli increased the price to 20 Lek, still less than half of Koha Jonë and other newspaper prices. In 2001, several other newspapers like Panorama, Dita Informacion (now defunct), Korrieri (now defunct) etc, appeared in the market with the same price and Koha Jonë lost relevance gradually over the years.
After some attempts to rebuild the newspaper audience, including a takeover from Aleksandër Frangaj in 2007, the newspaper ownership was transferred once again to Nikoll Lesi in 2013. As for 2016, Koha Jonë had revenues of 15.9 million Lek (0.12 Mio USD) and has about 2.7% of the print media market. As for 2017, the newspaper prints 2000 to 5,500 copies daily.
Business Form
Private
Legal Form
Limited Liability Company
Business Sectors
Publishing
Individual Owner
Nikoll Lesi is a journalist and media entrepreneur. He co-founded Koha Jonë newspaper in Lezha in 1991 and sports daily Sport Ekspres in 1997. He was elected as Member of the Parliament in 1997, 2001 and 2005 first as independent and later for various parties or coalitions. He sold Koha Jonë newspaper in 2007 to his old business partner Aleksandër Frangaj, but Frangaj resold the newspaper in 2013 for the same amount. Since 2013, Nikoll Lesi is the owner and the administrator of the Koha Jone.
Other Online Outlets
www.kohajone.com
Media Business
Publishing
Koha Jone LLC (100%)
General Information
Founding Year
1994
Affiliated Interests Founder
Nikoll Lesi – is a journalist and media entrepreneur. He co-founded Koha Jonë newspaper in Lezha in 1991 and sports daily Sport Ekspres in 1997. He was elected as Member of the Parliament in 1997, 2001 and 2005 first as independent and later for various parties or coalitions. He sold Koha Jonë newspaper in 2007 to his old business partner Aleksandër Frangaj, but Frangaj resold the newspaper in 2013 for the same amount. Since 2013, Nikoll Lesi is the owner and the administrator of the company.
Aleksander Frangaj – is a former journalist and media entrepreneur with shares in TV Klan, ABC News and a company named Albania 2017 founded in 2017. He left Koha Jonë in 1997 and purchased the company in 2007 for 100.000 USD. Frangaj sold the newspaper again to Nikoll Lesi in 2013 for the same amount.
Employees
Missing Data
Contact
Rruga Sami Frasheri, Pallatet eAviacionit te Vjeter, Nr 2., Tirana
Email: redaksia@kohajone.com
Website: www.kohajone.com
Tax/ ID Number
J71425013C
Financial Information
Revenue (Financial Data/ Optional)
0.12 Mio. $ / 15.92 Mio. Lek
Operating Profit (in Mill. $)
0.01 Mio. $ / 1.41 Mio. Lek
Advertising (in % of total funding)
Missing Data
Management
Other Influential People
Albina Gjergji – is a journalist. She is currently deputy Editor in Chief of Koha Jonë.
Herion Mesi – is a journalist. He is currently deputy Editor in Chief of Koha Jonë
Further Information
Meta Data
The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2016. The Central Bank's average exchange rate for 2016 was used to convert the amounts into USD. See sources for more. Nikoll Lesi replied to the information request made by MOM team on 15 January 2018. Market share is calculated as company revenues in percent of total revenues of 12 print media companies. See sources for more.
Sources