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Monday, April 02, 2007

Turkish Media Group Seized by Turkey’s Savings Deposits Insurance Fund

"Turkish Media Group Seized by Turkey’s Savings Deposits Insurance Fund

Turkey’s Savings Deposits Insurance Fund (TMSF) has taken control of the management of a number of Turkey’s best known media companies, after irregularities in their sale were uncovered.

Among the outlets seized were the national daily newspaper Sabah and television stations ATV and Kanal 1."

More:The MEMRI Blog