« Murdoch to invest in Turkish media » – Sabah

« Prime Minister Tayyip Erdoğan met with Rupert Murdoch, the owner of the United States media giant News Corp. during his heavy schedule yesterday.

During the meeting which lasted an hour and ten minutes, Murdoch shared with Erdoğan his intentions to invest in the nation and stated: « We want to expand our programs in Turkey. We see Turkey as an important country from a media standpoint. We hope to expand our investments here. » Murdoch was accompanied by former parliamentarian Engin Güner for the meeting.

Upon his arrival, Murdoch was carrying a book entitled, « The Empty Ouarter », which he later gave to Prime Minister Erdogan as a gift.

English writer John Bridger Philby wrote the book which describes the Rub ‘al Khali desert in Arabian peninsula. Philby was a British colonial intelligence officer during World War I, yet died a Muslim in Lebanon in 1960.

Prime Minister Erdoğan also welcomed Iraqi leader Ayad Allawi. Prior to Erdoğan’s arrival to the Prime Ministry, 20 security detail were on duty to search the area with dogs following a noise bomb that went off prior. »

Source : Sabah

« Turkey approves broadcasting law on foreign ownership » – Sabah

Source : Sabah

« Turkey’s parliament approved late on Tuesday a law doubling to 50 percent the amount of broadcasters that foreigners can own, opening the way for more acquisitions from abroad.

Foreign investor interest in the country’s fast-growing media sector is expected to increase as a result of the legislation.

The foreign ownership article was approved individually on Jan 6 and the whole package of legislation was voted through on Tuesday evening.

Under the law, foreigners will be able to become partners in a maximum of two media institutions.

It also opens the way for broadcasting in foreign languages and dialects. The state broadcaster already has a Kurdish language channel.

Turkish media group Dogan Yayin, which owns major television stations as well as mass circulation newspapers such as Hurriyet and Milliyet, is in the process of selling assets.

U.S. private equity fund KKR, Time Warner and private equity fund Texas Pacific Group are among shortlisted bidders for assets in Dogan Yayin, which is embroiled in a legal battle over massive tax fines.

The ruling AK Party tried to reform foreign ownership rules in 2005 but the bill was vetoed by the former president.

The current president Abdullah Gul is a former AK Party member, and has a track record of approving legislation passed by the AKP-dominated parliament. »

Source : Sabah

« Turkey in move to allow 50% foreign TV ownership » – Sabah

Source : Sabah

« Turkey’s parliament approved on Thursday legislation allowing foreigners to own 50 percent of Turkish broadcasters, doubling the limit and paving the way for more acquisitions from abroad.

Voting was continuing on other articles of the broadcasting law in parliament.

The law is expected to shift investors’ attention to buyouts in Turkey’s fast-growing media industry. Turkey’s media sector is dominated by Dogan Yayin (DYHOL.IS), which owns major television stations as well as mass circulation newspapers such as Hurriyet and Milliyet.

Dogan Yayin, embroiled in a legal battle against crippling tax fines, plans to sell its assets and has put bids from Time Warner and two U.S. private equity funds, KKR (KKR.N) and TPG [TPG.UL], on a shortlist of potential buyers for the media group’s assets, excluding the flagship Hurriyet daily, sources familiar with the deal told Reuters on Wednesday.

The move is « positive for Dogan Group, » said broker Seker Yatirim in a report to clients after the approval.

Dogan Yayin is also preparing to sell its flagship Hurriyet (HURGZ.IS) daily newspaper separately, another source close to the process told Reuters, adding investment bank Goldman Sachs will invite initial bids by Feb. 1.

Hurriyet shares rallied as much as 15 percent on Wednesday and closed 13.4 percent higher at 2.11 lira. The stock jumped another 4.3 percent on Thursday at 1530 GMT close of trading, and Dogan Yayin shares advanced 5.4 percent.

The ruling, pro-business AK Party, tried to reform foreign ownership rules in 2005 but the bill was vetoed by the former president.

The current president, Abdullah Gul, is a former AK Party member, and has a track record of approving legislation passed by the AKP-dominated parliament.

A young population, coupled with the fastest economic growth in Europe, makes the Turkish media market attractive to investors. « 

Source : Sabah

« Prosecutor Investigates A TV Show For Defamation Of Atatürk » – Bianet

« Nuray Bezirgan, a Muslim woman, admits she does not like Atatürk in a TV program and the prosecutor starts an investigation.

Beyoğlu Prosecutor has started an investigation concerning the remarks Nuray Bezirganmade about Atatürk in the television program titled “Teke Tek.” The other participant wasKevser Çakır. Prosecutor construed the remarks as insulting Atatürk, the founder of the Turkish Republic. » (…)

Source : http://bianet.org/english/religion/107620-prosecutor-investigates-a-tv-show-for-defamation-of-ataturk