Star Media Group (Turkey) Explained

Star Media Group
Foundation:1 March 1989
Defunct:February 2016
Industry:Television, Radio, Newspaper, Magazine, Book
Key People:Ahmet Özal, Cem Uzan, Tevhit Karakaya, Ethem Sancak
Location:Tepeüstü, Küçükçekmece, Istanbul, Turkey
Area Served:Turkey
Homepage:www.stargazete.com/medya/

Star Media Group (Star Medya Grubu, STAR Medya Yayıncılık A.Ş.) is a Turkish media group. Among other properties it owns the Star newspaper and the television channel Channel 24.

The company was co-founded by Ahmet Özal and Cem Uzan and was previously part of the Uzan Holding. In 2004 Star was seized by the Turkish government, along with the other assets of the Uzan Group. The paper was transferred to the TMSF, and then sold several times. It is now again part of the Star Media Group, which was acquired by Nihat Özdemir of Rixos from Ethem Sancak in 2009,[1] with Tevhit Karakaya acquiring 50% in 2010.[2]

In May 2013 50% of the Group was sold to Azerbaijan's SOCAR oil company.[3]

External links

Notes and References

  1. haberler.com, 30 May 2013, Turkey Approves 50 Pct Sale Of Star Media To Azerbaijan's SOCAR
  2. Haberturk, 14 October 2010, 24 ile Star Gazetesi'ne yeni ortak
  3. [Today's Zaman]