The World: Ankara - Axel Springer secures 25 per cent stake in Dogan TV

Axel Springer, the German publishing house, has acquired a 25 per cent stake in Dogan TV, the Turkish broadcaster.

It will pay EUR375 million, which entitles the company to nominate two of the seven board directors. However, the deal is still subject to regulatory approval.

Dogan TV is the leading Turkish broadcaster, with an audience share of 24 per cent and an advertising market share of 36 per cent.

Its operations include three national TV stations, two European channels (EuroD and EuroStar) 15 thematic satellite and cable channels and three Turkish radio stations.

Become a member of Campaign

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk , plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content