Mahaka X Explained

PT Mahaka Media Tbk
Type:	Public company
Trade Name:	Mahaka X
Former Names:	PT Abdi Bangsa Tbk (1992–2010)
Founder:	Erick Thohir
Location City:	Jakarta
Location Country:	Indonesia
Area Served:	Indonesia
Industry:	Media
Products:	Broadcasting, publishing, out of home and digital media
Revenue:	Rp 251 billion (2019)^[1]
Operating Income:	-Rp 29 billion (2019)
Net Income:	-Rp 45 billion (2019)
Assets:	Rp 413 billion (2019)
Equity:	Rp 107 billion (2019)
Owners:	Beyond Media (40.47%) Solic Kreasi Baru (13.77%) Mediahuis Ireland (7.19%)
Num Employees:	1,409 (2015)

PT Mahaka Media Tbk, traded as Mahaka X (stylized as mahakaX) since 2022, formerly known as Abdi Bangsa, is an Indonesian media and entertainment company founded by Erick Thohir.^[2] The group owns and operates the printed newspapers Harian Republika and Harian Indonesia, a magazine (Golf Digest), a regional free to air television station (JakTV), and a radio broadcasting service (Gen FM).^{[3] [4]}

History

Mahaka Media was originally founded with the name PT Abdi Bangsa on 28 November 1992. On 3 April 2002, Mahaka Media become a public company when it registered its shares as PT Abdi Bangsa Tbk in the Jakarta Stock Exchange (BEJ).^[5]

In 2010, PT Abdi Bangsa officially changed its name to PT Mahaka Media Tbk.

In 2019, its founder and president commissioner Erick Thohir stepped down from the company to join the government as Minister of State Owned Enterprise, leaving the position he held at the company to R Harry Zulnardy.^[6]

On June 27, 2022, Mahaka Media changed its corporate branding to Mahaka X in order to shift the company's focus from media convergence to media tech.^[7]

Business units

Newspapers

• Republika
• Harian Indonesia

Magazines

• Golf Digest

TV Stations

• JakTV (co-owned with Artha Graha Network)

Radio Services

• Mahaka Radio Integra
  • Gen 98.7 FM (Jakarta)
  • Gen 103.1 FM (Surabaya)
  • Jak 101 FM
  • Hot 93.2 FM
  • Most Radio 105.8 FM
  • Kis 95.1 FM
  • Mustang 88.0 FM
  • Noice

Other

• Mahaka Square
• CodeX Academy
• Inspire
• Xpose
• CreativeIntel
• Alive Indonesia
• Archytect

Company management

Board of Directors

• President Director: Tubagus Farash Farich ^[8]
• Director: Ishak Reza
• Director of Finance: Harry Danui
• Director of Product and Creative Development: Ahmad Aditya
• Director of Sales and Marketing: Henny M. Chandra
• Director of Corporate Affair and Corporate Secretary: Agoosh Yoosran

Board of Commissioners

• President commissioner : Mahendra Agakhan Thohir
• Commissioner: Rudy Setia Laksmana
• Commissioner: Martin Suharlie
• Independent commissioner: Aldo Rambie
• Independent commissioner: Angkie Yudistia

Notes and References

1. Web site: Annual Report 2019 . 24, 15 . Mahaka Media . 22 October 2020.
2. Web site: ABBA.ID Mahaka Media Company Profile & Executives – WSJ. 22 October 2020. www.wsj.com.
3. Web site: Company Profile for Mahaka Media Tbk PT. https://web.archive.org/web/20201024081254/https://in.reuters.com/finance/stocks/company-profile/ABBA.JK. dead. 24 October 2020. 22 October 2020. in.reuters.com.
4. Web site: Media. Kompas Cyber. Profil Mahaka, Perusahaan Erick Thohir yang Disebut Ada Proyek di Garuda Halaman all. 22 October 2020. KOMPAS.com. 13 December 2019. id.
5. Web site: Media. Kompas Cyber. Mahaka Media, Perusahaan yang Didirikan Erick Thohir dan Diduga Terlibat Proyek Garuda Halaman all. 22 October 2020. KOMPAS.com. 12 December 2019. id.
6. Web site: Hidayat. Ali Akhmad Noor. 15 December 2019. Mundur dari Mahaka, Posisi Erick Thohir Diganti Harry Zulnardy. 22 October 2020. Tempo. en.
7. News: Rombak Manajemen, Mahaka Media Punya Nama Baru. Wulandari. Retno. June 27, 2022. August 10, 2023.
8. Web site: Mediatama . Grahanusa . Mahaka Media (ABBA) Sepakati Perubahan Jajaran Direksi dan Komisaris Baru . 2022-06-28 . www.kontan.co.id . id.