The well-known Armenian entrepreneur, President of "Grand Holding" company, comprising a number of major industrial enterprises, the owner of "Hayrenik TV" Hrant Vardanian has become the owner of the controlling stock of another TV company – "AR". This was stated by "AR" President Meruzhan Ter-Ghulanian. According to him, currently preparatory work is done to fully restore "AR" broadcasts, renew the technical facilities of the TV. Structural and staff transformation of the company is also nearing completion. Thus, from now on the TV company will be headed by a financial director (not appointed yet) and a creative director (Meruzhan Ter-Ghulanian). The latter expressed hope that by the 7th anniversary since the foundation of "AR" (January 13, 2003) the newscast of the TV channel will be renewed.