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Doğan Holding

Coordinates:41°1′55″N29°2′14″E / 41.03194°N 29.03722°E /41.03194; 29.03722
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Turkish conglomerate
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Doğan Şirketler Grubu Holding A.Ş.
Company typePublic
BİST:DOHOL
Industry
  • Media
  • Energy
  • retail
  • Industry
  • Real estate and motor vehicle marketing
  • Financial services and others
FoundedSeptember 22, 1980; 45 years ago (1980-09-22), inIstanbul
FounderAydın Doğan
HeadquartersIstanbul
Key people
Begümhan Doğan Faralyalı (chairwoman)[1]
İmre Barmanbek (Deputy chairperson)
Ragıp Nebil İlseven (Deputy chairperson & CEO)
RevenueIncreaseUS$ 1.8 billion (2016)
IncreaseUS$ 310.2 million (2016)
Number of employees
8,649

Doğan Şirketler Grubu Holding A.Ş. is amongst the biggest conglomerates in Turkey operating in the energy, media, industry, trade, insurance and tourism industries. Founded byAydın Doğan who still is a major shareholder, the company is led by his daughter Begümhan Doğan Faralyalı. The main operating activity of the Holding is to invest in various sectors via associates, to provide all necessary support to its subsidiaries and joint ventures in order to develop their activities.[2]

Group companies

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Electricity generation

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  • Galata Wind Energy
  • Aslancık HEPP (33%)
  • Boyabat HEPP (33%)

Petroleum products retail

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  • Aytemiz Petrol (50%)

Industry & trade

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  • Çelik Halat (BIST: CELHA): manufactures steel wires
  • Ditaş Doğan (BIST: DITAS): manufactures automotive parts
  • DDT/Dogan Trading: involved in trading of printing paper
  • Sesa Ambalaj: manufactures packaging materials
  • Kelkit Besi: involved in cattle ranching
  • Neta Havacılık: involved in private aviation

Automotive & mobility groups

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Doğan Trend: Distributor and retailer of prominent cars, motorcycles, outboard marine engines & electrified mobility brands. The group also offers operational leasing, new & used car sales as well as servicing operations.

Brands represented by Dogan Trend as of 2022 November:

The company operates with more than 70 dealers & service points across country.

Finance & investment

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  • DYBank/D-Investment Bank
  • Doruk Finansman
  • Doruk Factoring
  • Öncü GSYO

Internet & entertainment

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Real estate Investment

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Media division sale

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Doğan Yayın Holding A.Ş.
Company typeAnonim Şirket
IndustryPublishing,Broadcasting
Founded1997
Defunct2014 (2014)
FateMerged with Doğan Holding
HeadquartersKısıklı,Üsküdar,Istanbul,Turkey
Area served
Turkey
Websitedyh.com.tr

Doğan Media Group (Turkish:Doğan Yayın Holding A.Ş.) was a Turkishmedia conglomerate, part of the Doğan Holding conglomerate. The company was established in 1997 to bring together Doğan's media properties. These include thePosta,Hürriyet (includingFanatik), andRadikal newspapers, the television channelsKanal D andCNN Türk, and theDoğan News Agency. It also operatedDoğan Kitap, a major book publisher, andDoğan Music Company, a major music label. Doğan also operated print facilities and media distribution, for other newspapers and magazines as well as its own.[3]

From 1979 to 2011, Doğan Media Group ownedMilliyet andVatan.[citation needed]

In August 2014, Doğan Holding announced its plan to take over Doğan Media Group with all its assets and liabilities and absorb it.[4] The takeover was completed on 26 August 2014 and Doğan Media Group was dissolved.[5] Doğan Holding chairperson Begüm Faralyalı said the merger would lead to a 'more simple management'.[6]

On 22 March 2018, Doğan Holding announced to KAP of their intentions to sell their media division toDemirören Group for $1.1 billion price.[7][8] The sale has been criticized due to Demirören Group's close ties with the government.[9][10] On April 5, 2018, the division was sold to Demirören group.[11]

Properties

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Newspapers

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Television

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Radio

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  • 2005–: Slow Türk
  • 1994–2018: Radio D
  • 2001–2018: CNN Türk Radio
  • 2006–2012: Radio Moda
  • 2024-: Dream Türk Radio
  • 2024-: Dream FM

Digital platform

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Lawsuits and accusations

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POAS privatization controversy

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On Sept 3, 1998, thePetrol Ofisi (POAS) privatization tender ended with Akmaya-Orteks Group offering US$1.160 billion,Doğuş Holding-Garanti Bank USD 1.150 billion,Türkiye İş Bankası-Bayindir Holding-Park Holding-PUIS Grubu USD 1.110 billion.

ThePrivatization Board of Turkey however preferred Türkiye İş Bankası-Bayindir Holding-Park Holding-PUIS consortium. This was later cancelled by the court and Dogan Holding won the next bidding process. The case involved serious corruption allegations, with then-Vice Prime MinisterMesut Yılmaz and then-State Minister Isin Celebi accused of abuse of power andAydın Doğan of manipulating the public opinion through his media network.

Tax fraud charges

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On Sept 8, 2009, Dogan Yayin said tax authorities wanted companies it controls to pay a total of TL3.76bn ($2.5bn) in unpaid taxes and penalties – equivalent to more than four-fifths of the combined market value of Dogan Holding and Dogan Yayin. The fine was issued after an earlier tax penalty of more than $500 million was leveled against the group in February for tax irregularities connected to the sale of a 25 percent stake in its television unit to German publisherAxel Springer SE.

Three weeks later, Turkey's largest media group Dogan Yayin said it was officially notified of an increase in a tax fine to 4.8 billion lira ($3.22 billion). The Halkali Tax Office had sent notifications to Dogan Yayin, stating movable and immovable properties provided as a guarantee by the firm could be sold at the end of the legal process.

Some said that the tax fraud charges were an effort to censor criticism ofRecep Tayyip Erdoğan.[12][13]

Manipulation of tax court electronic distribution system

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Dogan's financial specialists and attorneys reclaimed their case file a number of times to ensure that it would not be put into the electronic distribution system to determine which court the case will be heard in. According to claims, Dogan's financial experts spent eight hours in the Tax Court on October 2, 2009, to ensure their case was handed over to a specific preferred court.

SPK accusations

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On September 28, 2009, Turkey'sCapital Markets Board SPK, accusedAydın Doğan, Imre Barmanbek,Hanzade Doğan Boyner and Ali Riza Temuroglu for deliberately causing financial losses to Hurriyet Gazetecilik and Dogan Gazetecilik. It claimed that Dogan Holding purchased paper and publishing supplies at higher producer/seller unit prices fromoffshore companies—Sortal Trading Company Limited and Shawcliff Trading Limited—instead of direct producers. This, the SPK contends, cost Hurriyet Gazetecilik and Dogan Gazetecilik TL 33.12 million (US$22.19 million), excluding the interest. The SPK reported that it would take the case to court.

References

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  1. ^"Board of Directors - Doğan Holding".
  2. ^"404 - Doğan Holding"(PDF).{{cite web}}:Cite uses generic title (help)
  3. ^İnvestments, Media, Doğan Holding.Archived 2009-03-19 at theWayback Machine
  4. ^"Extraordinary general assembly meeting has been held for the merger transaction". Doğan Holding. 7 August 2014. Archived fromthe original on 2015-09-17. Retrieved17 September 2015.
  5. ^"Registration of the merger". Doğan Holding. 26 August 2014. Retrieved17 September 2015.
  6. ^"Doğan Holding completes key merger".Hürriyet Daily News. 2 September 2014. Retrieved17 September 2015.
  7. ^Editorial, Reuters (22 March 2018)."Turkey's Dogan Holding says began talks with Demiroren on sale of..."U.S.{{cite news}}:|first1= has generic name (help)
  8. ^Dogan media sold
  9. ^Pitel, Laura (21 March 2018)."Turkish press baron agrees to sell media arm to Erdogan ally".Financial Times.
  10. ^Editorial, Reuters (22 March 2018)."Sale of Dogan set to tighten Erdogan's grip over Turkish media".U.S. Retrieved22 March 2018.{{cite news}}:|first1= has generic name (help)
  11. ^"İmzalar atıldı... Doğan Medya resmen Demirören Holding'e geçti". Retrieved20 April 2018.
  12. ^"Sale of Dogan set to tighten Erdogan's grip over Turkish media".Reuters. 2018-03-22. Retrieved2023-02-07.
  13. ^"Turkish Media Group Bought by Pro-Government Conglomerate".The New York Times. 2018-03-21.ISSN 0362-4331. Retrieved2023-02-07.

External links

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Print media
Newspapers
National
Periodicals &
Books
Broadcast media
Radio
Television
Digital media
Multimedia
News media
Retail &
Distribution
See also
Turkish Radio and Television
Demirören Group
Turkuvaz Media Group
Doğuş Media Group
Ciner Media Group
Acun Media
beIN Media Group
The Walt Disney Company Turkey
Warner Bros. Discovery
Paramount
New World Media Group
Esmedya
İhlas Media Group
BBC Television
Saran Medya
Notable others
Defunct
TurkeyBIST 100 companies inTurkey
Authority control databasesEdit this at Wikidata

41°1′55″N29°2′14″E / 41.03194°N 29.03722°E /41.03194; 29.03722

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