Demirören Group
In March 2018, the Demirören Group purchased all the media assets of the Doğan Group for $ 916 million. Demirören Group was the owner of the Milliyet newspaper and Vatan newspaper. After purchasing the media assets of Doğan Group, the Group now owns 5 newspapers, including Hürriyet, Hürriyet Daily News, Posta and Fanatik; it has a news agency (DHA), a distribution company (YAYSAT), two TV channels (Kanal D and CNNTURK). The Vatan daily was closed on October 31, 2018 and continues publishing digitally as gazetevatan.com.
Demirören Group A.Ş.'s capital is 150 million Turkish Liras. Its shares entirely are owned by the Demirören Family, which openly supports the ruling AKP and has close ties with President Tayyip Erdoğan. Demirören family is active in the sector in the sector such as media, energy, mining and construction.
The recordings of alleged phone conversations between Erdoğan 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.
Erdoğan Demirören was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.'until he died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as chairman of executive board at Demirören Holding.
According to the online news portal Odatv.com, Demirören Group has decided to shut down of Yaysat (the Publication Company of Demirören) on October 31, 2018. This story was published via ODATV at first, it was also circulated through other media outlets. If the allegations that Demirören Group decided to close the Yaysat were correct, the print media will only distributed by Turkuvaz Medya of Kalyon Group. However, Demirören Group neither confirmed nor refuted this claim.
Yelda Demirören, the daughter of Yıldırım Demirören, the Chair of the Board of Directors of Demirören Holding, and Haluk Kalyoncu (the son of Hasan Kalyoncu, the founder of the Kalyon Group) got married on April 13, 2019. President Erdoğan and his wife Emine Erdoğan were the marriage witnesses. The marriage was reported as the company marriage of Turkuvaz and Demirören Groups.
Business Form
Private
Legal Form
Joint stock company
Business Sectors
Energy; Manufacturing; Tourism; Ports; Construction; Education
Individual Owner
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 was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which already published 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 on May 2016.
Erdoğan Demirören has purchased all media assets of Doğan Group, and now has five newspaper, including the website of now-closed Vatan newspaper, Milliyet, Hürriyet, Posta newspapers and Fanatik daily and their websites; CNN Turk and Kanal D TV channels on March 2018.
Erdoğan Demirören died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as the board of chairman of Demirören Holding.
Yıldırım Demirören, the son of Erdoğan Demirören, was born in 1964 in Istanbul. He was the president of Beşiktaş sports club from 2004 to 2012, and since 2012 he's the president of the Turkish Football Federation. He's one of the shareholders, and the Head of the Board of Directors, of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet, Hürriyet, Posta and Fanatik newspapers and online gazetevatan.com. He's also in the board of directors of many companies owned by the Demirören Family. He attended President Erdoğan's daughter's wedding on May 2016. Yıldırım Demirören was elected as the board of chairman of Demirören Holding after his father Erdoğan Demirören passed away on June, 2018.
Fikret Tayfun Demirören, the son of Erdoğan Demirören, has a degree in Finance from Bilkent University. He's one of the shareholders of the conglomerate 'Demirören Holding A.Ş.' that holds the majority shares of both companies that publish Hürriyet, Milliyet, and Posta newspapers and gazetevatan.com. He sits on the boards of many companies owned by the group such as Total Oil. Turkey's President Recep Tayyip Erdoğan, then Prime Minister, was the witness at his wedding in 2003. Tayfun attended President Erdoğan's daughter's wedding in May 2016.
Meltem Oktay, the daughter of Erdoğan Demirören, is one of the shareholders of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Hürriyet, Milliyet, and Posta newspapers and online gazetevatan.com. She is the vice president of the executive board of Demirören Holding. She sits on the Board of Directors in many of the firms owned by the group, including Total Oil.
Other Online Outlets
milliyet.com.tr
milliyet.tv
gazetevatan.com
skorer.com
uzmanpara.milliyet.com.tr
hurriyet.com.tr
dha.com.tr
posta.com.tr
Media Business
Media Business
TV | Kanal D, CNN Türk
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Hürriyet newspaper, Posta newspaper, Fanatik newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.com, hurriyet.com.tr,dha.com.tr, posta.com.tr,
Business
Business
TV | Kanal D, CNN Türk
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Hürriyet newspaper, Posta newspaper, Fanatik newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.com, hurriyet.com.tr,dha.com.tr, posta.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 is estimated to be around $ 1-1,5 billion, acquired mostly from mining, energy and construction. Erdoğan Demirören was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which already published 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 on May 2016.
Erdoğan Demirören has purchased all media assets of Doğan Group, and now has five newspaper, including the website of now-closed Vatan newspaper, Milliyet, Hürriyet, Posta newspapers and Fanatik daily and their websites; CNN Turk and Kanal D TV channels on March 2018.
Erdoğan Demirören died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as the board of chairman of Demirören Holding.
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
Erdoğan Demirören's son, Yıldırım Demirören is Chair of the Board of Director
Erdoğan Demirören's children Fikret Tayfun Demirören and Meltem Oktay are board members.
Further Information
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.
The shareholder structure was not updated after the death of Demirören on July 8, 2018. The data was added according to the last update made on May 16, 2018 at http://www.hurriyetkurumsal.com/tr/NKurumsal/Sayfalar/NOrtaklik-Yapisi.aspx
According the trade registry gazette published on June 27, 2018, Yıldırım Demirören is the head of board of directors.
They don't share statistical information about their employees.
The last financial report can be easily found on the hurriyetkurumsal.com
