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Untitled Document

Turkey plans to spread em for big foreign media companies

Published: Monday, January 14, 2008


-BY SDH

Turkey planning to bend over and allow foreign media companies to own bigger chunks of Turkish broadcasters. A draft law written and submitted to the Prime Minister's office would open the gates for people like Rupert Murdoch to up his stake in media properties in the country. Murdoch is already said to be one of many media bigs kicking the tires on ATV-Sabah. If and when this law does pass, will other major U.S. media companies show interest in entering and/or expanding in the Turkish media market?

A young population, coupled with annual economic growth seen around 5 percent makes the Turkish media market attractive to investors. A population of more than 70 million speaking the same language is also a plus for advertisers, analysts say.

Turkey plans to lift foreign media ownership limit [Reuters

Labels: Media_and_Politics, MEDIA_MARKETS, Newscorp, RupertMurdoch

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