Koza İpek Group

İpek Matbaacılık (printing house) was founded by Ali İpek in 1948. Later turning into Koza İpek Group, the group expanded its areas of operation, which recently ranged from gold mining to oil, gas, coal and renewable energy industries.The media group which owned more than 20 media outlets was confiscated in 2016, after the rift between the Erdoğan government and Gülen organization began. İpek Koza Holding which operated İpek Medya was a close ally of the AKP government until the rift. The reason for the closure of the media group was announced to be the debt the group was in. However, the media group was already taken over by government prior to its closure, based on allegations of money laundering and support to "Gulen Terror Organization."

Key facts

Business Form

Confiscated

Media Outlets

Bugün

Bugün TV

Kanal Türk

Other Media Outlets

Other Print Outlets

Bugün

Other TV Outlets

Kanaltürk, Bugün TV

Other Radio Outlets

Kanaltürk Radyo

Other Online Outlets

www.bugun.com.tr, www.kanalturk.com.tr

Facts

Media Business

Business

General Information

Founding Year

1948

Founder

Ali İpek

Affiliated Interests Founder

İpek Printing Company was founded in 1948 by Ali İpek. Hamdi Akın İpek, son of Ali İpek, was the CEO of Koza İpek Holding and İpek Printing Company before the court ordered the seizure of Koza Ipek's companies. Born in 1963, Hamdi Akın İpek studied economy in the UK and management at Hacettepe University in Ankara.

Financial Information

Revenue (Financial Data/ Optional)

Operating Profit (in Mill. $)

Advertising (in % of total funding)

Further Information

Headlines

Turkish police raid Istanbul media group Koza-Ipek.

(28.10.2015) BBC News. Retrieved in October 2016 from:

http://www.bbc.com/news/world-europe-34656901

Turkish police raid critical media HQ, shut down live broadcast.

(28.10.2015) Hurriyet Daily News. Retrieved in October 2016 from:

http://www.hurriyetdailynews.com/turkish-police-raid-critical-media-hq-shut-down-live-broadcast.aspx?pageID=238&nID=90429&NewsCatID=341

Turkish police raid media group over 'terrorist financing'.

(1.09.2015) Euronews. Retrieved in October 2016 from

http://www.euronews.com/2015/09/01/turkish-police-raid-media-group-over-terrorist-financing

Turkey closes media outlets seized from Gulen-linked owner.

(01.03.2016) Reuters. Retrieved in October 2016 from

http://www.reuters.com/article/us-turkey-media-gulen-idUSKCN0W34ML

Turkey: Riot police storm opposition media group Koza Ipek in Istanbul ahead of key elections.

(28.10.2015) International Business Times. Retrieved in October 2016 from

http://www.ibtimes.co.uk/turkey-riot-police-storm-opposition-media-group-koza-ipek-istanbul-ahead-key-elections-1526034

Turkey extends clampdown on media.

(27.10.2015) Financial Times. Retrieved in October 2016 from

https://www.ft.com/content/4e95eed6-7cb6-11e5-98fb-5a6d4728f74e

Police Break into İpek Media.

(28.10.2015) Bianet. Retrieved in October 2016 from:

http://bianet.org/english/media/168710-police-break-into-ipek-media

Meta Data

This company and its media outlets were confiscated and no information is available about the founder, shareholders or shares. As the company seized its operations the study can not rate the level of transparency.

Sources

(28.10.2015) 10 soruda Koza İpek Grubu operasyonu. Hurriyet. Retrieved in October 15, 2016, from

http://www.hurriyet.com.tr/10-soruda-koza-ipek-holding-operasyonu-40007168

(1.03.2016) İpek Medya Grubu'na kilit vuruldu. Deutsche Welle Turkey. Retrieved in October 15, 2016, from

http://www.dw.com/tr/ipek-medya-grubuna-kilit-vuruldu/a-19083779

Official Website of Koza Ipek Group. Retrieved in October 2016 from

https://akinipek.co.uk/koza-ipek-holding/