KRAL FM is the most popular radio station in Turkey. It was founded in 1992 and acquired by Doğuş media group, along with KRAL TV, in 2008.
Media Companies / Groups
Owned by one company
According to Article 434 of Turkish Commercial Code, shareholders in corporations ('Anonim Şirket’) use their voting rights in proportion with their shares’ nominal value. Each shareholder has at least one vote, however voting rights might be limited, or given more weight with articles of association. Moreover, public companies may issue shares without voting rights according to Article 14/A of Capital Markets Law.
Affiliated Interests Founder
Cem Uzan, born in 1960, is Turkish businessperson and politician known for co-founding the first private television channel in Turkey and for his subsequent foray into politics. Uzan’s father made his fortune in the construction industry. Over the years, the family’s various business holdings grew, coming to include a soccer team, several media outlets and banks, along with other assets in construction, energy and finance. Cem Uzan played an active role in the family businesses and in 2002 founded Genç Parti (GP; Young Party). Uzan and his family also became infamous for being involved in many lawsuits: In 2003, after a scandal related to a family-owned bank, the Turkish government seized many of Uzans’ companies, including Telsim, to collect the family’s debt. In 2009, Uzan fled Turkey and claimed political asylum from France after new charges of fraud, forgery, embezzlement and other crimes were leveled against him in regard to his business dealings. In 2010, he was sentenced to 23 years in jail, later some charges were dropped.
Affiliated Interests Ceo
A graduate of METU from the Department of Business Administration, he received his MA in Economics from University of Miami. He joined Doğuş Group in 1994. After serving as the Executive VP responsible for Treasury, Operations and Foreign Relations at Garanti Bank, he was assigned as the General Manager of Körfezbank in 1998. Akhan was a board member of Doğuş Holding and CFO during 2001-2005. He is the CEO of Doğuş Holding.
Affiliated Interests Editor-In-Chief
Mehmet Akbay was born in 1969 in Gaziantep. He served as program manager at Star Media Grup Radios and as a consultant of Star Media Group Presidency. He also worked as Deputy Chief of Turkish Folk Dances Federation and a member of board of directors. He is now the general coordinator of Kral TV channel and Radio and Kral Pop TV Channel and Radio.
Other Important People
Ferit F. Şahenk: Ferit Şahenk, the son of Ayhan Şahenk, is the chairperson of Doğus Holding A.Ş., which operates in media, tourism, and construction. He was also CEO of Garanti Bankası, one of the biggest banks in Turkey, until he sold the last 9.95% stakes in Garanti to the Spanish lender BBVA Banco Bilbao Vizcaya Argentaria in February 2017. 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 chairperson 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.
Nafiz Karadere: Nafiz Karadere is a graduate of Ankara University, Faculty of Political Sciences, Department of International Relations. Karadere was appointed to his current position on May 1, 1999, as well as Garanti Bank SA (Romania), Garanti Payment Systems Inc., Garanti Konut Finansmanı Danışmanlık Hiz. , Garanti Pension and Life, Garanti Information Technology and Trade. T.A.Ş, T. Garanti Bankası A.Ş. Member of the Board of Directors of the Foundation for the Protection of Civil Servants and Foundations, Vice President of WWF-Association for the Protection of Natural Life; (SALT) Chairperson of the Board of Directors. Having 34 years of experience in banking and business administration, Karadere was in charge of Marketing for Small and Medium Enterprises. Karadere became the CEO of Doğuş Media Group on December 5, 2018.
Ahi Evran Cad. No:4 Maslak Sarıyer İstanbul
0212 335 00 00
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
Since Doğuş Group updates its website regularly, data collection on the media outlet was not problematic. 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. Detailed information on the finances and ownership can easily be found on their official website, because the group owns publicly traded companies.