Hürriyet was founded by Sedat Simavi in 1948. It was sold to Aydın Doğan in 1994. It is one of the major newspapers in Turkey. On March 22, 2018, it was sold to a member of the pro-government conglomerate the Demirören group, which already owns the other dailies Milliyet and Vatan, and the sale was completed on May 16, 2018.
Hürriyet Gazetecilik ve Matbaacılık A.Ş's capital is now 592.000.000 Turkish Liras.
Media Companies / Groups
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
Sedat Simavi was born in 1896. He founded Hürriyet on May 1, 1948. He was also among the founders of
Turkish Journalists' Association (TGC). In 1953, his sons Haldun Simavi and Erol Simavi acceded to the management of Hürriyet after his death.
Affiliated Interests Ceo
He was born in 1964 in Elazığ. He was graduated from Mimar Sinan Fine Arts University and Anadolu University. Later he continued his education in Political Science at Preston University and in law at European University. He began his proffesion in TGRT channel and worked as editor, local news director. He worked as vice chairman at TGRT and Ihlas Holding. In 2010, he began to work as principal consultant at Demirören Conglomerate for two years. He also sits on the Board of Directors and he is CEO of Demirören Medya Grup since May 2018.
Affiliated Interests Editor-In-Chief
Vahap Munyar was born in 1958 in Malatya. He was working as a columnist and director of Economics department at Hürriyet before he began to work as editor in chief.
Address: 100. Yıl Mahallesi, 2264 Sok. Demirören Medya Center. No:1/51 Bağcılar / İstanbul - Phone: 0212 337 99 99 - Website: www.hurriyet.com.tr
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Operating Profit (in Mill. $)
Advertising (in % of total funding)
(03.04.2016) ‘Usta işi’ transfer: ‘Kabataş korosu’nun gür sesi Abdülkadir Selvi Hürriyet’te. Retrieved in October 2016 from: http://www.diken.com.tr/usta-isi-transfer-kabatas-korosunun-gur-sesi-abdulkadir-selvi-hurriyette/
Doğan media group sale completes government control of Turkish media ://rsf.org/en/news/dogan-media-group-sale-completes-government-control-turkish-media
(30.09.2016) A major shake-up at Doğan Media. Hurriyet Daily News. Retrieved in October 2016 from: http://www.hurriyetdailynews.com/mehmet-ali-yalcindag-resigns-as-dogan-media-coordinator.aspx?pageID=517&nID=104450&NewsCatID=345
(03.04.2016) ‘Usta işi’ transfer: ‘Kabataş korosu’nun gür sesi Abdülkadir Selvi Hürriyet’te. Diken. Retrieved in October 2016 from: http://www.diken.com.tr/usta-isi-transfer-kabatas-korosunun-gur-sesi-abdulkadir-selvi-hurriyette/
Detailed information on the finances and ownership of the media outlet can easily be found on the official website with the report they shared with public. The holding is publicly traded.
The latest information regarding the shareholder structure of the Demirören group was uploaded on the hurriyetkurumsal.com on May 16, 2018, and the latest document at the Trade Registry Gazette was added on December 25, 2018.
The shares of family members can be found in the latest document which was updated in May 2018, on the corporate profile section of hurriyetkurumsal.com. It means that there is no updated information about how the shares of Erdoğan Demirören was shared by the family members after he died on July 8, 2018.
According to the annual report of Hürriyet Gazetecilik, hurriyet.com.tr is the most viewed news portal in 2018. However, they do not transparently share the data with any research company. For this reason, the online news portals of Demirören Group (hurriyet.com.tr, milliyet.com.tr, posta.com.tr and gazetevatan.com) are being excluded from the top 10 online media portals that MoM has researched.