Transition of Doğan’s media assets to Demirören group completed
In accordance with the share sales agreement signed by the Doğan and Demirören groups on April 6, the cash total of $893 million has been transferred to the bank accounts of Doğan companies as of May 16, according to the statement made by Doğan Holding to the Public Disclosure Platform (KAP) on May 16.
The payment covers the handover of media assets including dailies Hürriyet, Posta and the Hürriyet Daily News, TV channels Kanal D and CNN Türk, Doğan News Agency, the Doğan internet webcast company, Doğan Media International, and the licenses of Radyo D and CNN Türk Radyo.
New board members appointed
Mehmet Soysal, CEO of Demirören Media Group, has been appointed to the Board of Directors of Doğan Gazetecilik, taking the seat of Zafer Mutlu who has resigned, according to the statement made by the company.
Soysal has also been appointed to the Board of Directors of Hürriyet Gazetecilik to replace Vuslat Sabancı who has resigned, according to another statement to the KAP.
Uğur Nabi Yalçın will replace Béatrice de Clermont Tonnerre and Oktay Demir will replace Kai Georg Diekmann on the Hürriyet Gazetecilik Board of Directors after the approval of shareholders.