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Doğuş Group

Doğuş Group

Doğuş Group is a family business owned by the Şahenk family, which owns 99.3% of Doğuş Yayın Grubu (Doğuş Media Group DMG). The Group was founded in 1951 by Ayhan Şahenk, primarily, active in constructions, subsequently in finance, tourism and automotive industry. The group was also active in banking (Garanti Bank) until it sold its last %9.95 stakes to the Spanish lender BBVA Banco Bilbao Vizcaya Argentaria in February 2017.

Doğuş Media Group was founded with a capital of 2 million 870 thousand Turkish Liras in 1999 with the acquisition of NTV, it works with such global corporations as National Geographic and Condé Nast, and it continues to make major advances in the media sector. There are 4 television channels, 7 online brands, 4 radio stations, 3 licensed monthly magazines and reference books under the media group.

The group employs more than 35 thousand people and combines 250 companies in eight sectors: financial services, automotive, construction, media, tourism and services, real estate, energy and entertainment. Şahenk Family runs the operations of the company.

The group has won many tenders, including metro constructions in Istanbul and Galataport, the Giresun Aslancık Dam and Hydroelectric Power plant, which is run with the group's partnership with Doğan Group.

In leaked phone conversations attributed to Nermin Yurteri, the editor in chief of NTV news channel, which belongs to Doğuş Group, she was heard having a conversation with then the Prime Minister Recep Tayyip Erdoğan’s Chief Advisor Yalçın Akdoğan. In the conversation, Akdoğan pressured her to have pro-government guests on air among various other editorial interferences.

According to the Holding's 2020 financial results, the total loss of the holding, which was 889 million Turkish Liras (TRY) in 2019, increased to 5 billion 551 million TRY in 2020.

The current capital of the company is 862,037,305 TRY.

It is alleged that the group has billions of unpaid commitments with the public.

During the Covid-19 pandemic, Doğuş Holding chairperson and CEO Faik Şahenk was invited to the opening ceremony by the opposition parties CHP and İYİ Party although he has close relationship with the government. He said that he was in contact with Covid-19 patient and did not attend the meeting. However, it was claimed that Şahenk attended the opening ceremony of the AKP and cut the ribbon the next day.

Key facts

Business Form

Private

Legal Form

Joint stock company

Business Sectors

Automative | Doğuş Automotive (Audi, Porsche, VW, Bentley, Lamborghini, Bugatti, Seat, Skoda, Scania, Thermo King, Oto Fix, Meiller), DOD, TüvTürk. Construction | Doğuş Construction and Trade Inc., Ayson Geotechnical and Marine Construction, Teknik Engineering and Consultancy Tourism | Antur Turizm A.Ş., D-Hotels&Resorts, D-Marin, Korfez Havacilik A.Ş., D-Saat, D-Gym. Real Estate | Doğuş Reit, Doğuş Real Estate. Energy | Doğuş Energy, Boyabat Elektrik Üretim ve Ticaret A.Ş., Artvin Hydroelectric Power Plant (HES), Aslancık Elektrik Üretim A.Ş., Doğuş Enerji Toptan Elektrik Ticaret A.Ş. Food and Beverages | D. Ream Retail | Armani Jeans, Armani Junior, Kiko Milano, Missoni, Emporia Armani, Giorgio Armani, Gucci

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other TV Outlets

Star TV (4.97%)
NTV
NTV Spor
KRAL TV
Kral Pop TV
NTV Avrupa
Eurostar

Other Radio Outlets

NTV Radyo (1.52%)
Kral FM (15.88%)
Kral Pop Radyo
Kral World Radyo

Other Online Outlets

ntv.com.tr (6.19%) ntvpara.com, ntvspor.net
startv.com.tr
tvyo.com
kralmuzik.com.tr
vogue.com.tr
glamour.com.tr
gq.com.tr
cntraveller.com.tr
nationalgeographic.com.tr

Facts

Media Business

Doğuş Medya Group

Business

Otomotiv | Doğuş Otomotiv (Audi, Porsche, VW, Bentley, Lamborghini, Bugatti, Seat, Skoda, Scania, Thermo King, Oto Fix, Meiller), DOD, TüvTürk.
İnşaat | Doğuş İnşaat a Teknik Mühendislik
Doğuş Yeme İçme Turizm & Perakende | D.HOTELIER, Antur Turizm A.Ş., |
Doğuş Perakende | Doğuş Gayrimenkul | Doğuş Gayrimenkul Yatırım Ortaklığı, Yatırım ve İşletme, Doğuş Center Maslak, Doğuş Center Etiler, D-Ofis Maslak, Gebze Center, İstinye Park |
Enerji | Doğuş Enerji, Artvin Barajı ve Hidroelektrik Santralı, Boyabat, Aslancık |

Other | Yapıkredi Bomonti Ada, Doğuş Müşteri Sistemleri, Doğuş Teknoloji, N11.com, Reidin, related marketing cloud, Tdb kalibrasyon, Zingat akıllı emlak sitesi, Sigortaladım.com, d-gym, körfez havacılık

General Information

Founding Year

1951

Founder

Ayhan Şahenk

Affiliated Interests Founder

He founded Dogus Holding, a steering and management of Dogus Group, in 1975. Şahenk became a shareholder with Aydın Doğan for DTV Haber ve Görsel Yayıncılık (Kanal D) in 1993. He transferred his shares to Doğan Group in 1995. Ayhan passed away in 2001 after a heart attack. His spouse and children are running operations of Dogus Group. A foundation named after him, Ayhan Sahenk Vakfi was established in 1992 and focuses on health, the environment, education and social welfare. His daughter, Filiz Sahenk is the president of the foundation.

Employees

19000

Contact

Address: Maslak Ayazağa Cad. No:2 Sarıyer / İstanbul

Phone: 0212 3353232

Website: www.dogusgrubu.com.tr

Tax/ ID Number

TradeRegistry No: 132298

Financial Information

Revenue (Financial Data/ Optional)

MD

Operating Profit (in Mill. $)

MD

Advertising (in % of total funding)

MD

Management

Executive Board

Ferit Şahenk (Chairperson) # Hüsnü Akhan (Vice chairperson) # Gür Çağdaş (Board member) # Erman Yerdelen (Board member) #Şehmuz Ahmet Sedid Kurtoğlu (Board member) # Nevzat Öztangut (Board Member) #Emir Ali Bilaloğlu (Board member)

#Nafiz Karadere (Vice chairperson of Doğuş Yayın Grubu) #Nermin Yurteri (NTV Editor-In-Chief) #Ahmet İren (Board Member) # Özlem Kavasoğlu (Board Member) #Gür Çağdaş (Board Member) # Ali Beylik (Board Member)

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

Since the Doğuş Group updates its website regularly, data collection on the board of directors and the business sectors was relatively easy. Information on the number of employees and the annual financial reports are made available on their website. Besides, Turkish Trade Registry Gazette provided detailed shareholder structure. Because the group owns publicly traded companies, detailed information on the finances and ownership can easily be found on their official website.

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  • Isvec Sverige
  • Heinrich Böll Stiftung