Ciner group acquires seized broadcaster Show TV

ISTANBUL - Hürriyet

Ciner has several other media assets, HaberTürk newspaper and TV channel.

Ciner Group, a local holding active in a broad range of businesses from energy to mining, has agreed to buy Show TV, one of the Çukurova group media assets put on sale by Turkey's Savings and Deposit Insurance Funds (TMSF). Ciner has bought the TV station for 402 million Turksih Liras.

Along with the commercial deal, Semih Kaya, the general manager of Ciner's broadcaster Habertürk, was also appointed Show TV's general manager, according to today's announcement.

The TMSF had seized several Çukuruva assets, mainly media enterprises, last month, because of the debts that the group owed.

Ciner has several other media assets, including newspapers and TV channels.