Ethem Sancak Group

Ethem Sancak Group

Ethem Sancak Group is not a legal entity. For the purposes of this study, media groups owned by Etham Sancak were combined into a loose Ethem Sancak Group. These media companies are: T Medya Yatirim Sanayi, Es Yayıncılık and Es Yönetim Danışmanlığı. 95% of T Medya Yatırım Sanayi shares belong to Es Yayıncılık and includes three newspapers, three TV channels, two radio channels and various magazines. 100% of Es Yayıncılık shares belong to Es Yönetim Danışmanlığı, which is entirely owned by Ethem Sancak. The capital of Es Yayıncılık ve Medya Yatırım Hizmetleri A.Ş. is 1 million Turkish Liras. In May 2016, Turkish Competition Authority ruled for ES Yayıncılık to take over various Star firms in broadcasting and publishing (Star Medya Yayıncılık A.Ş., Star Medya Ajans A.Ş., Star Matbaacılık A.Ş. and Dinamik Radyo A.Ş.). The capital of Es Yönetim Danışmanlığı ve Yatırım Proje Geliştirme A.Ş. is 4 million Turkish Liras. All shares are owned by businessman Ethem Sancak. T Medya Yatırım Sanayi ve Ticaret A.Ş., owned by businessman Ethem Sancak, has a capital close to 766 million Turkish Liras. The group has three newspapers, three TV channels, two radio channels and magazines.The owner, Ethem Sancak, is openly very supportive of the ruling AK Party and the President Recep Tayyip Erdoğan. He has famously proclaimed to be "in love" with Erdoğan and would sacrifice his family for him, and has admitted to having entered media to support him.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Vehicles; Military Vehicles

Ownership

Individual Owner

Ethem Sancak

Born in 1958 in Siirt, Ethem Sancak graduated from Istanbul University's communications faculty in 1976. He started a small medicine business in the 80s which grew to an internationally operating conglomerate including a hospital chain. His media group owns three national newspapers, 3 television channels, 2 radio channels and 2 magazines as well as websites. Sancak is openly very supportive of the ruling AK Party and the President Recep Tayyip Erdoğan. He has famously said he was "in love" with Erdoğan and would sacrifice his family for him, and has admitted to having entered media to support him. Sancak owns all shares of 'ES Yönetim Danışmanlığı', which is the main shareholder of the company (T Medya) that has over 765 million Turkish Liras in capital and publishes Güneş and Akşam newspapers. In 2013, he bought Güneş, Akşam, Sky360 TV, along with two radio channels and various magazines from the Savings Deposit Insurance Fund (TMSF), which had seized it from Çukurova Group. In leaked phone conversations attributed to Sancak, he can be heard complaining that he had to acquire bankrupted media outlets. In 2014, he also acquired all shares of the Star Media Group (that owns Star Newspaper and 24 TV) from businessman Fettah Tamince. He has taken an ombudsman (Demokrasi Hakem Kurulu) position in AK Party since 2012. He has also purchased BMC (via a public tender where he was the only participant in 2014), a company that has won many tenders including producing tanks and water cannons for the Turkish army and police. He has served as the Brazilian honorary consul of Istanbul. He's the Vice Chairman in the Board of Directors in Istanbul Modern Museum of Art in the Board of Directors of Istanbul Foundation for Culture and Arts (İKSV).

100%
Media Outlets
Other Media Outlets

Other Print Outlets

Akşam, Güneş (3.7%), Star, Alem Dergisi, Platin Dergisi

Other TV Outlets

TV360, 24 TV, TV 4

Other Radio Outlets

Alem FM, Lig Radyo

Other Online Outlets

ligradyo.com.tr, aksam.com.tr, gunes.com, star.com.tr

Facts

Media Business

Media Business

Broadcasting | Star Medya Yayıncılık A.Ş., Star Medya Ajans A.Ş., Star Matbaacılık A.Ş. ile Dinamik Radyo A.Ş.
Advertising, Print and Publishing | T Medya Baskı Teknolojileri A.Ş., T Medya Televizyon Yayıncılık ve Reklam Pazarlama A.Ş., T Medya Pazarlama ve Dış Ticaret A.Ş., T Medya Magazin Yayıncılık Sanayi ve Ticaret A.Ş., Karova Medya Sanayi ve Ticaret A.Ş., AD Grup Basın Servisleri ve Ticaret A.Ş.) – Since January 2016
Publishing | Star Matbaacılık
Online | ES Medya Digital

Business

Business

Broadcasting | Star Medya Yayıncılık A.Ş., Star Medya Ajans A.Ş., Star Matbaacılık A.Ş. ile Dinamik Radyo A.Ş.
Advertising, Print and Publishing | T Medya Baskı Teknolojileri A.Ş., T Medya Televizyon Yayıncılık ve Reklam Pazarlama A.Ş., T Medya Pazarlama ve Dış Ticaret A.Ş., T Medya Magazin Yayıncılık Sanayi ve Ticaret A.Ş., Karova Medya Sanayi ve Ticaret A.Ş., AD Grup Basın Servisleri ve Ticaret A.Ş.) – Since January 2016
Publishing | Star Matbaacılık
Online | ES Medya Digital

General Information

Founding Year

2014

Founder

Ethem Sancak

Affiliated Interests Founder

Born in 1958 in Siirt, Ethem Sancak graduated from Istanbul University's communications faculty in 1976. He started a small medicine business in the 80s which grew to an internationally operating conglomerate including a hospital chain. His media group owns three national newspapers, 3 television channels, 2 radio channels and 2 magazines as well as websites. Sancak is openly very supportive of the ruling AK Party and the President Recep Tayyip Erdoğan. He has famously said he was "in love" with Erdoğan and would sacrifice his family for him, and has admitted to having entered media to support him. Sancak owns all shares of 'ES Yönetim Danışmanlığı', which is the main shareholder of the company (T Medya) that has over 765 million Turkish Liras in capital and publishes Güneş and Akşam newspapers. In 2013, he bought Güneş, Akşam, Sky360 TV, along with two radio channels and various magazines from the Savings Deposit Insurance Fund (TMSF), which had seized it from Çukurova Group. In leaked phone conversations attributed to Sancak, he can be heard complaining that he had to acquire bankrupted media outlets. In 2014, he also acquired all shares of the Star Media Group (that owns Star Newspaper and 24 TV) from businessman Fettah Tamince. He has taken an ombudsman (Demokrasi Hakem Kurulu) position in AK Party since 2012. He has also purchased BMC (via a public tender where he was the only participant in 2014), a company that has won many tenders including producing tanks and water cannons for the Turkish army and police. He has served as the Brazilian honorary consul of Istanbul. He's the Vice Chairman in the Board of Directors in Istanbul Modern Museum of Art in the Board of Directors of Istanbul Foundation for Culture and Arts (İKSV).

Contact

Atatürk Mahallesi Bahariye Caddesi No:31 İkitelli Küçükçekmece İstanbul

Tel.: +90 212 337 0000

Website: http://esmedya.com.tr 

Tax/ ID Number

TradeRegistry No: 921307

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board

Ethem Sancak is the only board member of Es Yayıncılık And Es Yönetim Danışmanlığı. Ethem Sancak is the Chair of the Board of Directors of T Medya. Ethem Sancak's cousin businessman Murat Sancak is a board member. Murat Sancak was previously the CEO of Star media group, but was removed from this position in March 2016 following an assasination attempt which he survived.

Further Information

Headlines

Es Medya'da Tensikat Depremi! 160 kişi işten çıkarıldı!

(29.02.2016) Gazeteciler. Retrieved in October 2016 from:

http://www.gazeteciler.com/kulis/es-medyada-tenkisat-depremi-95748h.html

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 esmedya.com.tr. Three media companies of the group were looked up in Trade Registry records: Es Yayıncılık, Es Yönetim Danışmanlığı and T Medya. Records reveal that the group's biggest company, T Medya Yatırım Sanayi (capital close to 766 million Turkish Liras) is 95% owned by Es Yayıncılık, which is a subsidiary of Es Yönetim Danışmanlığı, and is entirely owned by Ethem Sancak.

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/

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