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Turkey: Erdogan close friend buys Hurriyet
(MENAFN) A businessman close to President Recep Tayyip Erdogan has bought one of Turkey's few remaining independent media companies, according the company's announcement.
Dogan Holding revealed, in a statement to the Istanbul stock market, talks with Demiroren Holding for the USD890 million sale of Turkey's largest media group.
The transfer will include Hurriyet, Turkey's best-selling newspaper, Dogan News Agency as well as CNN Turk and Kanal D TV stations.
"We initiated the talks regarding the sale of all of our components which operate in print and visual media," Dogan Holding said.
Dogan Holding revealed, in a statement to the Istanbul stock market, talks with Demiroren Holding for the USD890 million sale of Turkey's largest media group.
The transfer will include Hurriyet, Turkey's best-selling newspaper, Dogan News Agency as well as CNN Turk and Kanal D TV stations.
"We initiated the talks regarding the sale of all of our components which operate in print and visual media," Dogan Holding said.
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