Demirören Group

Demirören Group

Demirören Holding A.Ş.'s capital is 150 million Turkish Liras. Its shares are owned entirely by the Demirören Family, which openly supports the ruling AK Parti and has close ties with the President Recep Tayyip Erdoğan. The family has many businesses in media, energy, mining and construction. Erdoğan Demirören is the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers.The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Energy; Manufacturing; Tourism; Ports; Construction; Education

Ownership

Individual Owner

Erdoğan Demirören

Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth is estimated to be around $ 1-1,5 billion, acquired mostly from mining, energy and construction. Erdoğan Demirören is the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers. The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding in May 2016.

52%
Media Outlets
Other Media Outlets

Other Print Outlets

Milliyet (5%), Vatan

Other Online Outlets

milliyet.com.tr (19%), milliyet.tv, gazetevatan.com (5%), skorer.com, uzmanpara.milliyet.com.tr

Facts

Media Business

Media Business

Digital TV | Milliyet TV
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Vatan newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.milliyet.com.tr

Business

Business

Digital TV | Milliyet TV
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Vatan newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.milliyet.com.tr

General Information

Founding Year

2005

Founder

Erdoğan Demirören

Affiliated Interests Founder

Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth, acquired through mining, energy and construction, is estimated to be around $ 1-1,5 billion. He's the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers. The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding in May 2016.

Contact

Şişhane Yokuşu Demirören Han. No:2, 34420 Azapkapı Beyoğlu İstanbul

Tel.: + 90 212 238 22 72

Website: www.demiroren.com.tr

Tax/ ID Number

TradeRegistry No: 546862

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board + Interests Executive Board

Erdoğan Demirören is the Chairman of the Board of Directors
Erdoğan Demirören's son, Yıldırım Demirören is the assistant Chair of the board.
Erdoğan Demirören's children Fikret Tayfun Demirören and Meltem Oktay are board members.

Further Information

Headlines

New leaked tape reveals PM Erdoğan reducing media boss to tears over report.

(07.03.2014) Hurriyet Daily News. Retrieved in October 2016 from:

http://www.hurriyetdailynews.com/new-leaked-tape-reveals-pm-erdogan-reducing-media-boss-to-tears-over-report.aspx?pageID=238&nID=63338&NewsCatID=338

Data Publicly Available

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

2 ♥

Meta Data

The websites for daily Milliyet and Vatan clearly indicate Demirören group as the owner. The names and shares of family members can be found at the Trade Registry Gazette.

Sources

Turkish Trade Registry Gazette. The Union of Chambers and Commodity Exchanges of Turkey. Retrieved in August 26, 2016 from

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

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