Posted by: euromediablog | November 19, 2009

Dogan Media Holding: German Influence Grows

Axel Springer Verlag (Germany) has just increased its share in Dogan Media Holding from 9% to 29%. The German publishing house has to pay 160 Mio. € for the capital increase, a price that will enable Springer, to exert more influence in the long-term strategy of Dogan Media, as it be allowed to nominate 3 members for the Board of Governers and one for the Executive Committee of the Turkish holding.

Dogan Media Group is known to be the largest one in Turkey, operating national newspapers (Hürriyet, Milliyet),  television networks  (Kanal D, Star TV and CNN-Türk), digital plattforms, publishing houses and distribution companies. In the beginning of 2009, however, the holding had serious trouble with the government, being indirectly accused it of hiding taxes, receiving  a fine of 380 mio. €. Back then, most experts spoke about an open conflict between Dogan Media Holding and Prime Minister Erdogan, interpreting the fine as an instrument to put pressure upon the unconvenient media group.

Today, the deal between Dogan and Springer is still to be authorised by the liable media regulators and competition authorities- a formality that can easily turn into a major obstacle- as long as it suits the government.

Related articles: Media War in Turkey

For further information: and ejc


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