Demirören Group

Demirören Group is a Turkish conglomerate company.[1] Its properties include Milangaz (a liquefied petroleum gas distributor with 9% of the Turkish market), the Demirören İstiklal shopping mall in Taksim Square, as well as several newspapers, television and radio stations, and also a subscription based streaming service called D-Smart Go.[2] Demirören also handles the licensing and distribution of Turkish Warner Bros. Discovery channels: Cartoon Network, Boomerang and CNN Türk. All shares of the Demirören Group are owned by the Demirören family, who have close ties to President Recep Tayyip Erdoğan and are also active in the energy, mining, and construction sectors.[3]

Demirören Holding
TypeHolding
IndustryEnergy, Industry, Real Estate, Construction, Media, Education
Founded1956; 66 years ago (1956) in Istanbul, Turkey
FounderErdoğan Demirören
Key people
Yıldırım Demirören, Tayfun Demirören, Meltem Demirören
RevenueUS$3 billion (2012)
Websitehttp://www.demiroren.com

HistoryEdit

Demirören acquired the newspapers Milliyet and Vatan in May 2011.[4] In 2018, the holding bought the newspaper Hürriyet, Posta and the TV channels Kanal D, CNN Türk, and Çocuk Smart and all other media properties of Doğan Media Group, with the expection of Kanal D Romania and Slow Türk.[5][6][7][8]

Following the death of Erdoğan Demirören, President Erdoğan visited the family to extend his condolences.[9] The family is generally seen as being supportive of President Erdoğan and the AK Party (Justice and Development Party).[3]

In February 2021, the company took over Azerbaijan's lottery company ''Azerlotereya''.[10]

ReferencesEdit

  1. ^ "Demirören Group".
  2. ^ "Insight TV unveils Turkish expansion with pay TV platform D-Smart". TBI Vision. 2020-01-28. Retrieved 2021-08-20.
  3. ^ a b "Demirören Group". Media Ownership Monitor. Archived from the original on 2017-02-04. Retrieved 2021-04-08.
  4. ^ Dogan News Agency, 4 May 2011, Milliyet and Vatan papers sold to DK
  5. ^ "Turkish Media Group Bought by Pro-Government Conglomerate". The New York Times. 21 March 2018. Retrieved 19 May 2018.
  6. ^ Coskun, Orhan (2018-03-21). "Pro-Erdogan group agrees to buy owner of Hurriyet newspaper, CNN Turk". Reuters. Retrieved 2021-01-27.
  7. ^ Pitel, Laura (21 March 2018). "Turkish press baron agrees to sell media arm to Erdogan ally". Financial Times. Retrieved 27 January 2021.{{cite news}}: CS1 maint: url-status (link)
  8. ^ "Internet & Entertainment - Doğan Holding". www.doganholding.com.tr. Retrieved 2021-08-20.
  9. ^ "Erdoğan visits Demirören family to extend condolences - Turkey News". Hürriyet Daily News. Retrieved 2021-01-27.
  10. ^ "Demirören Holding takes over Azerbaijan's lottery company - Latest News". Hürriyet Daily News. Retrieved 2021-08-20.

External linksEdit