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Albayrak Media Group

Albayrak Media Group

Albayrak Group, which owns Albayrak Media Group, has taken many large public tenders ranging from construction of the Istanbul metro to producing tanks for the Turkish army, many of which were subject to controversy and investigations of corruption. Albayrak Media Group is the main media company of the Albayrak Group, it owns the daily Yeni Şafak as well as two TV channels and is owned by the Albayrak family. The family is known to have close ties to the ruling AKP and the President Recep Tayyip Erdoğan. The group's revenue in 2000 was USD 150 million, whereas in 2008 it was up to approximately USD 1 billion. One of the areas that the group is most active in is public tenders on service and sales.

After Ekrem İmamoğlu took office in the Istanbul Metropolitan Municipality in the June 2019 elections, the waste of vehicles belonging the municipality was discussed and the surplus vehicles were exhibited in Yenikapı. It is known that these vehicles belong to Platform Turizm Taşımacılık company, owned by Adem Altunsoy, the son-in-law of Nuri Albayrak, who is a shareholder of Albayrak Holding with his five brothers. The same company also won the personnel service tender for 2020.

According to the Trade Registry Gazette dated 6 August 2021, the Chair of the Board of Directors of the Group is Mustafa Albayrak.

Key facts

Business Form

Private

Legal Form

Joint stock company

Ownership
Media Outlets
Other Media Outlets

Other Print Outlets

Yeni Şafak (5.28%)

Other TV Outlets

TVNET

Other Online Outlets

yenisafak.com.tr, tvnet.tv.tr, gazetemanset.com

Facts

Media Business

Media Business

Magazine Publishing| Bilge Çocuk, Bilge Minik, Cins, Derin Tarih, Gerçek Hayat, Lokma, Nihayet, Post Öykü, Sky Road, Z Raporu,
Digital Publishing | GZT, Gazete Manşet, Piri Medya,
Television Broadcasting | tvnet
Book Publishing | Ketebe
Advertising | Reklam Piri Medya İletişim A.Ş., Arkitekt Media
Media Distribution | Birlikte Dağıtım A.Ş.

Business

Tractors and Engines | Tümosan
Construction | Albayrak Construction
Paper Production | Varaka Paper
Port Management | Trabzon Port
On-Vehicle Equipment | Kademe A.Ş
Defense Industries | Tümosan
Casting | Tümosan Casting
Agriculture | Mezra Agriculture
Public Transportation | Platform Tourism
Information Technologies | Albil
Textile | Ereğli Textile
Sugar Production | SUKKAR Production
Waste Management | Yeşil Adamlar
Tourism | Birun Kümbet Mountain Home

International Business

Some of the construction project of Albayrak Group were carried out in Pakistan (Pakistan Lahore Metro Bus) and the management of a port in Mogadishu, Somalia

General Information

Founding Year

2008

Founder

Albayrak Family: Ahmet, Bayram, Nuri, Kazım, Mustafa and Muzaffer Albayrak

Affiliated Interests Founder

Albayrak family is a shareholder of Albayrak Yayın Holding A.Ş. which owns Yeni Şafak, seven magazines and one TV channels. The brothers occupy various senior managerial positions at Albayrak Holding A.S. One of the brothers, Ahmet Albayrak, was implicated in corruption scandals involving tapped phone conversations about plans to change the members of the state-run Press Advertisement Institution (Basın İlan Kurumu - BİK) in order to get more advertising for Yeni Şafak and making arrangements to support AKP in Trabzon for local elections. The Albayrak Holding is known to have close ties with the ruling AKP and President Recep Tayyip Erdoğan. Since the mid-1990s, the Group has won various public contracts, some of which were referenced with corruption allegations.

Contact

Fetih Cd. No:6 Dk:7 Topkapı Zeytinburnu İstanbul

Tel.: +90 212 467 36 00 

Website: www.albayrakmedya.com

 

 

Tax/ ID Number

TradeRegistry No: 668041

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board

The Albayrak family makes up the entire executive board. Mustafa Albayrak is the Chair of the Board of Directors.

Further Information

Data Publicly Available

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

2 ♥

Meta Data

All media outlets owned by the group are listed under the corporate website albayrakmedya.com. Albayrak Yayın Holding, the group's main media company, is owned entirely by family members, whose names and shares can be found in the Trade Registry Gazette.

Shares of the family members and increase of capital can be reach at albayrakmedya.com

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