Demirören Group Explained

Demirören Group
Type:Holding
Founded: in Istanbul, Turkey
Key People:Yıldırım Demirören, Tayfun Demirören, Meltem Demirören
Industry:Energy, industry, real estate, construction, media, education
Revenue:US$3 billion (2012)

Demirören Group is a Turkish conglomerate company.[1] Its properties include Milangaz (a liquefied petroleum gas distributor with 9% share 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 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]

History

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 D-Smart and all other media properties of Doğan Media Group, with the ехception of Kanal D Romania and .[5] [6] [7] [8]

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

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

Notes and References

  1. Web site: Demirören Group.
  2. Web site: 2020-01-28. Insight TV unveils Turkish expansion with pay TV platform D-Smart. 2021-08-20. TBI Vision. en-US.
  3. Web site: Demirören Group. live. 2021-04-08. Media Ownership Monitor. en. https://web.archive.org/web/20170204034951/http://turkey.mom-rsf.org:80/en/owners/companies/detail/company/company/show/demiroeren-group/ . 2017-02-04 .
  4. [Dogan News Agency]
  5. Web site: Turkish Media Group Bought by Pro-Government Conglomerate. The New York Times. 21 March 2018. 19 May 2018.
  6. News: Coskun. Orhan. 2018-03-21. Pro-Erdogan group agrees to buy owner of Hurriyet newspaper, CNN Turk. en. Reuters. 2021-01-27.
  7. News: Pitel. Laura. 21 March 2018. Turkish press baron agrees to sell media arm to Erdogan ally. 27 January 2021. Financial Times.
  8. Web site: Internet & Entertainment - Doğan Holding. 2021-08-20. www.doganholding.com.tr.
  9. Web site: Erdoğan visits Demirören family to extend condolences - Turkey News. 2021-01-27. Hürriyet Daily News. en.
  10. Web site: Demirören Holding takes over Azerbaijan's lottery company - Latest News. 2021-08-20. Hürriyet Daily News. en.