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Demirören Group

Demirören Group

In March 2018, the Demirören Group purchased all the media assets of the Doğan Group for $ 916 million. Demirören Group was the owner of the Milliyet newspaper and Vatan newspaper. After purchasing the media assets of Doğan Group, the Group now owns 5 newspapers, including Hürriyet, Hürriyet Daily News, Posta and Fanatik; it has a news agency (DHA), a distribution company (YAYSAT), two TV channels (Kanal D and CNNTURK). The Vatan daily was closed on October 31, 2018 and continues publishing digitally as gazetevatan.com.

Demirören Group A.Ş.'s capital is 150 million Turkish Liras. Its shares entirely are owned by the Demirören Family, which openly supports the ruling AKP and has close ties with President Tayyip Erdoğan. Demirören family is active in the sector in the sector such as media, energy, mining and construction.

The recordings of alleged phone conversations between Erdoğan Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying.

Erdoğan Demirören was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.'until he died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as chairman of executive board at Demirören Holding.

According to the online news portal Odatv.com, Demirören Group has decided to shut down of Yaysat (the Publication Company of Demirören) on October 31, 2018. This story was published via ODATV at first, it was also circulated through other media outlets. If the allegations that Demirören Group decided to close the Yaysat were correct, the print media will only distributed by Turkuvaz Medya of Kalyon Group. However, Demirören Group neither confirmed nor refuted this claim.

Yelda Demirören, the daughter of Yıldırım Demirören, the Chair of the Board of Directors of Demirören Holding, and Haluk Kalyoncu (the son of Hasan Kalyoncu, the founder of the Kalyon Group) got married on April 13, 2019. President Erdoğan and his wife Emine Erdoğan were the marriage witnesses. The marriage was reported as the company marriage of Turkuvaz and Demirören Groups.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Energy; Manufacturing; Tourism; Ports; Construction; Education

Ownership

Individual Owner

Erdoğan Demirören

Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth is estimated to be around $ 1-1,5 billion, acquired mostly from mining, energy and construction. Erdoğan Demirören was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which already published Milliyet and Vatan newspapers.

The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding on May 2016.

Erdoğan Demirören has purchased all media assets of Doğan Group, and now has five newspaper, including the website of now-closed Vatan newspaper, Milliyet, Hürriyet, Posta newspapers and Fanatik daily and their websites; CNN Turk and Kanal D TV channels on March 2018.

Erdoğan Demirören died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as the board of chairman of Demirören Holding.

40.4%
Media Outlets
Other Media Outlets

Other Online Outlets

milliyet.com.tr

Facts

Media Business

Media Business

TV | Kanal D, CNN Türk
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Hürriyet newspaper, Posta newspaper, Fanatik newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.com, hurriyet.com.tr,dha.com.tr, posta.com.tr,

Business

Business

TV | Kanal D, CNN Türk
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Hürriyet newspaper, Posta newspaper, Fanatik newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.com, hurriyet.com.tr,dha.com.tr, posta.com.tr,

General Information

Founding Year

2005

Founder

Erdoğan Demirören

Affiliated Interests Founder

Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth is estimated to be around $ 1-1,5 billion, acquired mostly from mining, energy and construction. Erdoğan Demirören was the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which already published Milliyet and Vatan newspapers.

The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding on May 2016.

Erdoğan Demirören has purchased all media assets of Doğan Group, and now has five newspaper, including the website of now-closed Vatan newspaper, Milliyet, Hürriyet, Posta newspapers and Fanatik daily and their websites; CNN Turk and Kanal D TV channels on March 2018.

Erdoğan Demirören died on June 8, 2018. After his death, his son Yıldırım Demirören was elected as the board of chairman of Demirören Holding.

Contact

Şişhane Yokuşu Demirören Han. No:2, 34420 Azapkapı Beyoğlu İstanbul

Tel.: + 90 212 238 22 72

Website: www.demiroren.com.tr

Tax/ ID Number

TradeRegistry No: 546862

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board

Erdoğan Demirören's son, Yıldırım Demirören is Chair of the Board of Director
Erdoğan Demirören's children Fikret Tayfun Demirören and Meltem Oktay are board members.

Further Information

Data Publicly Available

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

2 ♥

Meta Data

The websites for daily Milliyet and Vatan clearly indicate Demirören group as the owner. The names and shares of family members can be found at the Trade Registry Gazette.

The shareholder structure was not updated after the death of Demirören on July 8, 2018. The data was added according to the last update made on May 16, 2018 at http://www.hurriyetkurumsal.com/tr/NKurumsal/Sayfalar/NOrtaklik-Yapisi.aspx

According the trade registry gazette published on June 27, 2018, Yıldırım Demirören is the head of board of directors.


They don't share statistical information about their employees.

The last financial report can be easily found on the hurriyetkurumsal.com

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