Turkey’s Doğan Holding, which also owns the Hürriyet Daily News, said on March 22 that it started talks with Demirören Holding on the sale and transfer of its visual and print media components in an official announcement to the Public Disclosure Platform.
“We initiated the talks regarding the sale of all of our components which operate in print and visual media on an operating value of $1.1 billion and a share value of $890 million in case of a discount related to debts,” it said in its statement.
“These components include YAYSAT, the company performing distribution of media and non-media products, Doğan Gazetecilik [Posta, Fanatik], Doğan News Agency, Doğan TV Holding, DTV News and Visual Broadcasting, Doruk TV and Radio Broadcasting [CNN Türk], Hürriyet Gazetecilik ve Matbaacılık and Mozaik Communication Services [Dsmart],” it added.
Doğan Holding also added that when there are developments regarding the sale, it will notify the public within the scope of the relevant legislation.