For the second time, the Federal Tax Service (FTS) demanded that LEM Russia, which runs the Russian business of
Look at Media publishing house, be declared bankrupt. It includes publications such as
The Village ,
Look at Me ,
Wonderzine and
Furfur .
In September, the Moscow Arbitration Court
accepted the application of the Federal Tax Service for declaring the company bankrupt.
According to the Federal Bailiff Service, OOO LEM Russia has more than 1.3 million rubles of outstanding insurance premiums.
LEM Russia is the operating company of Look At Media. LEM Russia manages its Russian publications and sells advertising in them. Domains of the publications of the holding are registered in the Netherlands Look at Media. The Dutch company is 100% owned and LEM Russia. Last year, Look at Media closed the Russian business project on Hopes & Fears. This decision was due to difficult financial situation. However, in February, the urban English-language online publication
Hopes & Fears was launched in New York. Vasily Esmanov, publisher of Look At Me who moved to New York, and Marina Halperin, a journalist of Russian origin, who was a senior editor at
Animal New York, who has moved to New York are engaged in the project.
')
In the same month, the Federal Tax Service
filed a lawsuit against LEM Russia for tax evasion. The tax debt of the company amounted to 7.2 million rubles. Then the company was able to reduce the debt to 2 million rubles. By the date of the court hearing in April, the defendant was able to repay the debt in full and the FTS claim was
rejected . At the same time, the co-owner of Look at Media, Alexey Ametov, said: "The company will try to prevent such situations in the future."
In order to improve its financial situation, in April Look At Media decided to sell its editorial system “Grid” to other publications. There was no information on the sale of the “Grid” on the promo page, but in the comments to the post on Twitter, Alexey Ametov
said that the price would be reported upon request. This editorial system is used by all publications of the company, including Look At Me, FurFur, The Village, Wonderzine and English-speaking Hopes & Fears.
However, the story with the claim of the Federal Tax Service repeated. “Last time the court did not accept the statement, I think it will be so now,” Alexey Ametov hopes. Periodically, the company has cash gaps, but when money comes in, payments are extinguished, he explains.