Dogan sells Star TV channel
October 19, 2011
Dogan has sold the entertainment channel to Dogus, owners of one of the country’s largest banks Garanti, in a bid to reduce a series of hefty tax fines from the government. Dogus has paid US$327 million (€237 million) for a 99.99% stake in Işıl Televizyon Yayıncılık, the subsidiary that owns the rights and licences of Star TV.
More:Dogan sells Star TV channel » Digital TV Europe
