KANAL 7

It is claimed that Kanal 7 was launched with money transferred from Deniz Feneri (Lighthouse e.V.) Charity Foundation, which allegedly raised money under the pretense of charity.

Key facts

Audience Share

4.25

Ownership Type

Private

Geographic Coverage

National

Content Type

Free content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Hayat Görsel Yayıncılık A.Ş.

Ownership

Ownership Structure

Shared

Voting Rights

According to Article 434 of Turkish Commercial Code, shareholders in corporations ('Anonim Şirket’) use their voting rights in proportion with their shares’ nominal value. Each shareholder has at least one vote, however voting rights might be limited, or given more weight with articles of association. Moreover, public companies may issue shares without voting rights according to Article 14/A of Capital Markets Law.

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

1993

Founder

Zekeriya Karaman, Haşim Bayram, Recai Kutan

Affiliated Interests Founder

Zekeriya Karaman: Zekeriya Karaman is the CEO of Mepa Medya A.Ş. and Hayat Görsel Yayıncılık A.Ş. and CEO of Beyaz Holding A.Ş. He was the co-founder and board member of Yeni Dünya İletişim A.Ş. (Kanal 7). On July 2011, he was sent to prison with İsmail Karahan, Zahid Akman and Mustafa Çelik as part of an ongoing investigation into embezzlement at the Germany-based Lighthouse e.V. charity. They were released from prison on October 2011. He was been accused of forging documents, fraud and buying Kanal 7 shares with charity money. In 2015, charges were dropped due to acquittals against them. President Recep Tayyip Erdoğan was a marriage witness in his son's wedding in 2016.

Recai Kutan: He was a close friend of Necmettin Erbakan, former Prime Minister of Turkey and leader of Islamist Welfare Party (RP). His political career started in 1973 in National Salvation Party (Milli Selamet Partisi) and after 1983 he served in Welfare Party. After the closure of RP, he became the leader of Islamic political parties Virtue Party (Fazilet Partisi) between 1997 and 2001, and Felicity Party (Saadet Partisi) between 2001 and 2008. He was the Minister of Energy in 1996. Kutan was the founder of Kanal 7 with Zekeriya Karaman and Haşim Bayram. After a while when the controversies arose about the foundation of Kanal 7, Kutan sold his shares to Zekeriya Karaman and Mustafa Çelik.

Haşim Bayram: He founded Kombassan Holding in 1989 and served as the CEO until 2007. Holding has been active in food and marketing, construction, oil products, marble and minerals, textile and tourism sectors. He was a shareholder for Yeni Dünya İletişim A.Ş.

Ceo

Zekeriya Karaman

Affiliated Interests Ceo

Zekeriya Karaman is the CEO of Mepa Medya A.Ş. and Hayat Görsel Yayıncılık A.Ş. and CEO of Beyaz Holding A.Ş. He was the co-founder and board member of Yeni Dünya İletişim A.Ş. (Kanal 7) . On July 2011, he was sent to prison with İsmail Karahan, Zahid Akman and Mustafa Çelik as part of an ongoing investigation into embezzlement at the Germany-based Lighthouse e.V. charity. They were released from prison on October 2011. He was been accused of forging documents, fraud and buying Kanal 7 shares with charity money. In 2015, charges were dropped due to acquittals against them. President Recep Tayyip Erdoğan was a marriage witness in his son's wedding in 2016.

Editor-In-Chief

Zahid Akman

Affiliated Interests Editor-In-Chief

Zahid Akman was born in 1958. He studied theology at Ankara University. He served in several positions such as Washington and Ankara correspondent at Kanal 7. He was elected as the head of Radio and Television Supreme Council (RTÜK) as an AKP nominee between 2005 and 2009. On July 2011, he was sent to prison with Zekeriya Karaman, İsmail Karaman and Mustafa Çelik as part of an ongoing investigation into embezzlement at the Germany-based Lighthouse e.V. charity. They were released from prison on October 2011. He was been accused of forging documents, fraud and buying Kanal 7 shares with charity money. He was charged with forgery, involvement in forgery conducted by a public official and abuse of confidence while on duty, each an offense that carries a jail term of up to 14-and-a-half years in 2015. He is a board member of Mepa Medya A.Ş., Hayat Görsel Yayıncılık A.Ş. and Beyaz Holding A.Ş.

Other Important People

Mustafa Çelik, İsmail Karahan

Affiliated Interests other important people

İsmail Karahan: He was born in 1963. Karahan studied business management at Istanbul University. He worked as a manager in steel industry and clothing sector in 1986-1987. In 1994, he was the co-founder and board member of Yeni Dünya İletişim A.Ş. (Kanal 7). On July 2011, he was sent to prison with Zekeriya Karaman, Zahid Akman and Mustafa Çelik as part of an ongoing investigation into embezzlement at the Germany-based Lighthouse e.V. charity. They were released from prison on October 2011. He was been accused of forging documents, fraud and buying Kanal 7 shares with charity money. In 2015, charges were dropped due to acquittals against them. He is a board member of Mepa Medya A.Ş., Hayat Görsel Yayıncılık A.Ş. and Beyaz Holding A.Ş. Mustafa Çelik: He is the CEO of Beyaz Holding A.Ş., board member of Hayat Görsel Yayıncılık A.Ş. and vice chairman of Mepa Medya A.Ş.. On July 2011, he was sent to prison with Zekeriya Karaman, Zahid Akman and İsmail Karahan as part of an ongoing investigation into embezzlement at the Germany-based Lighthouse e.V. charity. They were released from prison on October 2011. He was been accused of forging documents, fraud and buying Kanal 7 shares with charity money. In 2015, charges were dropped due to acquittals against them. Her daughter who was an AKP candidate was elected as a parliament member in 2015.

Contact

Adress: Defterdar M.Otakçılar Cd.No.78 Eyüp / İstanbul - Phone: 0212 437 80 80 - Website: www.kanal7.com

Financial Information

Revenue (in Mill. $)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Market Share

MD

Further Information

Headlines

Retrieved from Milliyet (09.09.2008) "Karaman ve Erdoğan'ın Oğulları Bacanak" http://www.milliyet.com.tr/karaman-ve-erdogan-in-ogullari-bacanak/guncel/gundemdetay/09.09.2008/988583/default.htm

Sources Media Profile

Retrieved from August 18, 2016 from http://www.milliyet.com.tr/camilerde-para-toplanmis/guncel/gundemdetay/20.09.2008/993523/default.htm

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