'Pro-Erdogan group buys opposition media companies'

Hurriyet and CNN Turk among those bought by Dogan Holding

21 March, 20:21

    ISTANBUL - The holding company of Turkish magnate Aydin Dogan has allegedly closed a 1.25-billion-dollar deal for the sale of some of the main opposition media outlets in Turkey - including Hurriyet and CNN Turk - to a group of businessmen with ties to Turkish President Recep Tayyip Erdogan, according to independent website T24.

    Media outlets in the sale are said to include the newspapers Hurriyet and Posta, two of the country's best-selling dailies, as well as the popular sports newspaper Fanatik, and broadcasters CNN Turk and Kanal D.

    Leading the pack of buyers is the holding company headed by Yildirim Demiroren, the former owner of the Besiktas football team and current president of the Turkish Football Federation.

    In 2011, Demiroren took control of opposition dailies Milliyet and Vatan, both of which subsequently changed their editorial stance.

    If confirmed, the news would be another strong concentration of media power in the hands of pro-Erdogan groups.

    Meanwhile, news of the sale produced effects on the Istanbul stock exchange, where shares of Dogan Holding rose 17% and shares of publishing group Hurriyet Gazetecilik rose 19%.

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