Six bidders are reportedly in a race to pick up broadcasting assets from Turkish media giant Dogan Yayin. Discovery Communications, Time Warner and RTL are amongst the potential bidders reported by FT to likely proceed to the second round of the bidding process. TV channels Kanal D and Star are amongst the assets up for disposal.
Dogan itself has to pay a massive tax bill and associated fine of some $3.8 billion. Other assets potentially up for sale include newspapers, and CNN:Turk, the joint venture with the Time Warner-owned news channel, which might well hold ‘first refusal’ rights on the localised news station.