Doğuş Group

Doğuş Group is a family business owned by the Şahenk family, which owns 99.3% of Doğuş Yayın Grubu (Doğuş Media Group DMG). The Group was founded in 1951 by Ayhan Şahenk, primarily, active in constructions, subsequently in finance, tourism and automotive industry. The group employs 50.000 people and combines 250 companies in eight sectors: financial services, automotive, construction, media, tourism and services, real estate, energy and entertainment. Şahenk Family runs the operations of the company. DMG was founded with a capital of 2.870.000.000 Turkish Liras in 1999 with the acquisition of NTV. There are 7 television channels, 11 online brands, 4 radio stations, 7 licensed monthly magazines and reference books under the media group. In leaked phone conversations attributed to Nermin Yurteri, the editor in chief of Doğuş Group, the company owned all-news channel NTV. She was heard having a conversation with then the Prime Minister Recep Tayyip Erdoğan’s Chief Advisor Yalçın Akdoğan. In the conversation Akdoğan pressured her to have pro-government guests on air among various other editorial interferences.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Banking and finance; Automotive; Construction; Tourism; Real Estate; Energy; Food and Beverages; Retail

Ownership

Individual Owner

Filiz Şahenk

Filiz Şahenk is a shareholder of Doğuş Holding A.Ş. She is daughter of Ayhan Sahenk, founder of Dogus Holding, who died of a heart attack in 2001. Dogus Group operates in finance, media, tourism and construction sectors. She manages the conglomerate's brand clothing and tourism business. She is the Turkish representative for luxury brands including Gucci, Emporio Armani, Loro Piana, and Tod's. She is also the president of the foundation named after her father – Ayhan Sahenk Vakfi, which focuses on health, the environment, education and social welfare.
Ferit Sahenk – brother and chairman of Dogus Holding A.S.

30.2%

Deniz Şahenk

Deniz Sahenk is a shareholder of Doğuş Holding A.Ş. She was married to Ayhan Sahenk, founder of Dogus Holding, who died in 2001. Dogus Group operates in finance, media, tourism and construction sectors. Mother of Ferit and Filiz Sahenk.

17.2%

Ferit Faik Şahenk

Ferit Şahenk, the son of Ayhan Sahenk, is the chairman of Doğus Holding A.Ş. He is also CEO of Garanti Bankası, one of the biggest banks in Turkey. Ferit Sahenk is one of the richest men in the country. Forbes estimates his assets at 2.5 billion. He founded Garanti Securities and was a CEO of Doğuş Holding and the chairman of Doğuş Otomotiv. Apart from being an active member of the World Economic Forum he previously chaired various business councils including, the Turkish-German Business Council, Turkish-American Business Council and the Turkish-United Arab Emirates Business Council. He graduated from Boston College with Bachelor’s in Marketing and Human Resources. In 2015 15% of shares of Garanti Bank were purchased by the Spanish BBVA for over USD 2 billion.

32.3%

Media Outlets

Other Media Outlets

Other TV Outlets

NTV (2.29%)
Star TV (7.11%)
NTV Spor
KRAL TV
Kral Pop TV
NTV Avrupa
Eurostar

Other Radio Outlets

NTV Radyo (2.51%)
Kral FM (19.38%)
Kral Pop Radyo
Kral World Radyo

Other Online Outlets

ntv.com.tr, ntvpara.com, ntvspor.net
startv.com.tr
tvyo.com
kralmuzik.com.tr
vogue.com.tr
glamour.com.tr
gq.com.tr
cntraveller.com.tr
nationalgeographic.com.tr

Facts

Media Business

Doğuş Yayın Grubu A.Ş. owns
Magazines | Conde Nast Traveller-Turkey, Glamour, Vogue-Turkey, GQ-Turkey, National Geographic Türkiye, National Geographic Kids, Robb Report
Publishing | NTV Yayınları
Online |ntv.com.tr, ntvpara.com, ntvspor.net, startv.com.tr, tvyo.com, kralmuzik.com.tr, vogue.com.tr, glamour.com.tr, gq.com.tr, cntraveller.com.tr, nationalgeographic.com.tr
TV | NTV, Star, NTV Spor, KRAL TV, Kral Pop TV, NTV Avrupa, Eurostar
Radio | NTV Radyo, Kral World Radio, Kral FM, Kral Pop Radyo

Business

International Business

Banking|GarantiBank Romania, GarantiBank Moscow, GarantiBank International N.V.

General Information

Founding Year

1951

Founder

Ayhan Şahenk

Affiliated Interests Founder

He founded Dogus Holding, a steering and management of Dogus Group, in 1975. Şahenk became a shareholder with Aydın Doğan for DTV Haber ve Görsel Yayıncılık (Kanal D) in 1993. He transferred his shares to Doğan Group in 1995. Ayhan passed away in 2001 after a heart attack. His spouse and children are running operations of Dogus Group. A foundation named after him, Ayhan Sahenk Vakfi was established in 1992 and focuses on health, the environment, education and social welfare. His daughter, Filiz Sahenk is the president of the foundation.

Employees

50000

Contact

Address: Maslak Ayazağa Cad. No:2 Sarıyer / İstanbul

Phone: 0212 3353232

Website: www.dogusgrubu.com.tr

Tax/ ID Number

TradeRegistry No: 132298

Financial Information

Revenue (Financial Data/ Optional)

Operating Profit (in Mill. $)

Advertising (in % of total funding)

Management

Executive Board

Ferit Şahenk – son of the founder, Chairman
Süleyman Sözen – Vice chairman
Hüsnü Akhan – CEO
Erman Yerdelen – CEO of Doğuş Yayın Grubu
Ömer Özgüner – Star TV General Manager
Ahmet İren, Levent Uslu and Barış Özbey – Vice Chairmen of Doğuş Yayın Grubu
Nermin Yurteri – NTV Editor-In-Chief

Non-Executive Board

Supervisory Board

Further Information

Headlines

Başbakan Erdoğan Ferit Şahenk'i aradı: Al o nu!

(18.12.2012) Patronlar Dunyasi. Retrieved in October 2016 from:

http://www.patronlardunyasi.com/haber/Basbakan-Erdogan-Ferit-Sahenk-i-aradi-Al-o-nu/137500

Hükümetle NTV arasındaki Kırmızı Hat Nermin Yurteri.

(11.03.2014) Diken. Retrieved in October 2016 from:

http://www.diken.com.tr/hukumetle-ntv-arasindaki-kirmizi-hat-nermin-yurteri

Turkey and the Purification of Dictatorships.

Omur Sahin Keyif (30.10.2015) CounterPunch. Retrieved in October 2016 from:

http://www.counterpunch.org/2015/10/30/turkey-and-the-purification-of-dictatorships/

Turkey’s Dogus Said Talking to Discovery as CNBC-e Deal Ends.

(2015) Bloomberg. Retrieved in October 2016 from

http://www.bloomberg.com/news/articles/2015-01-29/discovery-said-in-talks-on-turkey-frequency-as-cnbc-deal-expires

Turkish media criticised for muted response to protests. Close ties between government, TV and press in spotlight.

(June 2015) Financial Times. Retrieved in October 2016 from:

https://www.ft.com/content/19fd3f64-cdfc-11e2-8313-00144feab7de

Dogus Media taps Kaltura for multiscreen TV service.

(February 2014) Digital TV Europe. Retrieved in October 2016 from

http://www.digitaltveurope.net/148862/dogus-media-taps-kaltura-for-multiscreen-tv-service/

Doğuş Media CEO takes leave amid media criticism.

(June 2013) Hurriyet Daily News. Retrieved in October 2016 from

http://www.hurriyetdailynews.com/dogus-media-ceo-takes-leave-amid-media-criticism-.aspx?pageID=238&nID=48753&NewsCatID=341

Discovery Communications to build partnership with Turkish Doğuş Group, buy TV frequency.

(July 2015) Hurriyet Daily News. Retrieved in October 2016 from

http://www.hurriyetdailynews.com/discovery-communications-to-build-partnership-with-turkish-dogus-group-buy-tv-frequency.aspx?pageID=238&nID=86186&NewsCatID=345

Turkish Media Group Sells TV Station.

Marc Champion (October 2011) The Wall Street Journal. Retrieved in October 2016 from:

http://www.wsj.com/articles/SB10001424052970204346104576638850592052250

Turkish entertainment giant expands in London.

Jale Özgentürk (May 2014) Hurriyet Daily News. Retrieved in October 2016 from:

http://www.hurriyetdailynews.com/turkish-entertainment-giant-expands-in-london.aspx?pageID=238&nID=65911&NewsCatID=349

Dogus Group alone has so far invested 250 million euros.

Vedran Pavlich (July 2016)Total Croatia News. Retrieved in October 2016 from:

http://www.total-croatia-news.com/item/13315-turkey-among-major-investors-in-croatia

Dogus Group secures €1 billion financing for Istanbul’s new luxury Galataport project in Turkey.

(September 2016) Tornos News International Edition. Retrieved in October 2016 from:

http://www.tornosnews.gr/en/tourism-businesses/new-investments/18154-turkish-dogus-group-secures-%E2%82%AC1-billion-financing-for-istanbul%E2%80%99s-new-luxury-galataport-project.html

Data Publicly Available

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

2 ♥

Meta Data

Since the Doğuş Group updates its website regularly, data collection on the board of directors and the business sectors was relatively easy. Information on the number of employees and the annual financial reports are made available on their website. Besides, Turkish Trade Registry Gazette provided detailed shareholder structure. Because the group owns publicly traded companies, detailed information on the finances and ownership can easily be found on their official website.

Sources

The official website of the Dogus Group. Retrieved in October 2016 from:

https://www.dogusgrubu.com.tr/Page.aspx

Forbes. The World’s Billionaires. Ferit Faik Sahenk. Retrieved in October 2016 from:

http://www.forbes.com/profile/ferit-faik-sahenk/

The official website of the foundation of Ayhan Sahenk. Ayhan Sahenk Vakfi. Retrieved in October 2016 from:

http://www.ayhansahenkvakfi.org.tr

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/