Erdoğan Demirören elected board chair of Hürriyet Gazetecilik

ISTANBUL

Erdoğan Demirören was elected as the board chairman of Hürriyet Gazetecilik at the extraordinary assembly meeting held on June 6.

At the assembly meeting, his son Yıldırım Demirören was appointed as the vice chairman.

Meltem Demirören Oktay, Fikret Tayfun Demirören, Mehmet Soysal were also appointed to the board of directors of Hürriyet Gazetecilik.

Alaattin Aykaç and Orhan Kırca were appointed as independent board members.

The chairman and newly appointed members will serve on the board for three years.

Also on June 6, the extraordinary assembly of Doğan Gazetecilik convened to appoint the chairman and other board members.

Accordingly, Erdoğan Demirören was elected as the board chairman while Yıldırım Demirören assumed the vice chairman post.

Meltem Demirören Oktay, Fikret Tayfun Demirören, and Mehmet Soysal, were appointed to the board of directors. Alaattin Aykaç and Orhan Kırca were appointed at independent board members.

Meanwhile, the title of Doğan Gazetecilik has formally been changed to Demirören Gazetecilik.

Doğan Holding on March 22 first announced talks with Demirören Holding for the sale and transfer of its visual and print media components.

In accordance with the share sales agreement signed by the Doğan and Demirören groups on April 6, the cash total of $893 million was transferred to the bank accounts of Doğan companies as of 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.

Demirören Holding will pay an additional $26 million for the 7 percent of Doğan TV Holding shares held by Commerz Film, the joint company of Doğan Holding and German group Axel Springer.