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 AK Party 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.

Key facts

Business Form

Private

Legal Form

Joint stock company

Ownership

Individual Owner

Ahmet Albayrak

Ahmet Albayrak, born in 1952 in Trabzon, is a shareholder - along with his five brothers - of Albayrak Yayın Holding A.Ş. which owns Yeni Şafak, seven magazines and two TV channels. He is the Head of the Board of Directors at Albayrak Holdi̇ng A.Ş. In 2009, his phone conversations were tapped as part of an ongoing investigation, in which Albayrak can be heard making plans to change the members of the state-run Press Advertisement Agency (Basın İlan Kurumu) in order to get more advertising for Yeni Şafak and making arrangements to support AK Party in Trabzon for local elections. Albayrak group is known to have close ties to the ruling AK Party and the President Recep Tayyip Erdoğan. The group has taken dozens of public tenders especially since the mid 90s, some of which were subject to claims and investigations of corruption.

16.6%
Media Outlets
Other Media Outlets

Other Print Outlets

Yeni Şafak (4%)

Other TV Outlets

TVNET, Tempo Türk TV

Other Online Outlets

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

Facts

Media Business

Media Business

Magazine Publishing | Derin Tarih Dergisi, Lokma Dergisi, Nihayet Dergi, Derin Ekonomi Dergisi, Cins Dergi, Gerçek Hayat, Kırmızı Beyaz
Online Media | Piri Medya A.Ş., Gazete Manşet, Dergilik, Nedersiniz
Publishing and Broadcasting | Albayrak Yayın Holding A.Ş., Yeni Şafak Gazetecilik A.Ş., Net Yayıncılık A.Ş. (TVNET), Diyalog Dergi Yayıncılığı A.Ş.
Advertising | Reklam Piri Medya İletişim A.Ş., Arkitekt Media
Distribution | Birlikte Dağıtım A.Ş.

Business

Business

Magazine Publishing | Derin Tarih Dergisi, Lokma Dergisi, Nihayet Dergi, Derin Ekonomi Dergisi, Cins Dergi, Gerçek Hayat, Kırmızı Beyaz
Online Media | Piri Medya A.Ş., Gazete Manşet, Dergilik, Nedersiniz
Publishing and Broadcasting | Albayrak Yayın Holding A.Ş., Yeni Şafak Gazetecilik A.Ş., Net Yayıncılık A.Ş. (TVNET), Diyalog Dergi Yayıncılığı A.Ş.
Advertising | Reklam Piri Medya İletişim A.Ş., Arkitekt Media
Distribution | Birlikte Dağıtım A.Ş.

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 two 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 Agency (Basın İlan Kurumu) in order to get more advertising for Yeni Şafak and making arrangements to support AK Party in Trabzon for local elections. The family is known to have close ties with Turkey's President Recep Tayyip Erdoğan, one of the brothers attended İstanbul İmam Hatip high school together with the current president in the 70s. President Erdoğan was Nuri Albayrak's daughter's wedding witness in 2002 and attended his son's engagement ceremony in 2012.
Kazım Albayrak is a shareholder - along with his five brothers - of Albayrak Yayın Holding A.Ş. He's also a shareholder of two construction companies within the group and the Head of the Board of Directors of two companies that focus on tourism.
Muzaffer Albayrak is a shareholder and the Assistant to the Head of the Board of Directors of Albayrak Yayın Holding A.Ş.. He's also the Assistant to the Head of the Board of Directors in Tümosan Savunma Sanayi̇ A.Ş. which took a 190 million Euro tender to construct tanks for the Ministry of National Defence in 2015. In 2013, parliament members from AK Party and government officials, including Avni Mutlu, then Governer of Istanbul; Kadir Topbaş, Head of Istanbul Metropolitan Municipality; and Mehmet Atalay, then head of the Press Advertisement Agency (Basın İlan Kurumu), attended his son's engagement ceremony.
Born in 1964, Mustafa Albayrak is a shareholder and the Head of the Board of Directors of Albayrak Yayın Holding A.Ş. He heads the boards of directors of four other media companies within the group, which is known to have close ties to the ruling AK Party and President Recep Tayyip Erdoğan. Mustafa Albayrak was imprisoned for 6 months in 2001-2002 for claims of corruption in public tenders, related to construction and transportation, taken from Istanbul Metropolitan Municipality.

Contact

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

Tel.: +90 212 612 2930

Webiste: 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 whereas Muzaffer Albayrak and Mesut Muhammet Albayrak are members of the Board of Directors.

Further Information

Headlines

Siyaset ve iş dünyasını buluşturan düğün.

(16.10.2016) Yeni Safak. Retrieved in October 2016 from:

http://www.yenisafak.com/hayat/siyaset-ve-is-dunyasini-bulusturan-dugun-2548460

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.

Sources

Turkish Trade Registry Gazette. The Union of Chambers and Commodity Exchanges of Turkey. Retrieved in August 25, 2016 from

http://www.ticaretsicil.gov.tr/english/

  • Bianet
  • Reporter without borders
en
tr
  • Project by
    Bianet
  •  
    Reporters without borders
  • Funded by
    BMZ