Star Media Group (Turkey)

Star Media Group (Star Medya Grubu, STAR Medya Yayıncılık A.Ş.) is a Turkish media group. Among other properties it owns the Star newspaper and the television channel Channel 24.

Star Media Group
IndustryTelevision, Radio, Newspaper, Magazine, Book
Founded1 March 1989
DefunctFebruary 2016
HeadquartersTepeüstü, Küçükçekmece, Istanbul, Turkey
Area served
Turkey
Key people
Ahmet Özal, Cem Uzan, Tevhit Karakaya, Ethem Sancak
Websitewww.stargazete.com/medya/

The company was co-founded by Ahmet Özal and Cem Uzan and was previously part of the Uzan Holding. In 2004 Star was seized by the Turkish government, along with the other assets of the Uzan Group. The paper was transferred to the TMSF, and then sold several times. It is now again part of the Star Media Group, which was acquired by Nihat Özdemir of Rixos from Ethem Sancak in 2009,[1] with Tevhit Karakaya acquiring 50% in 2010.[2]

In May 2013 50% of the Group was sold to Azerbaijan's SOCAR oil company.[3]

References

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