Wednesday, December 18, 2024

Time Warner, News Corp. Said to Bid for Turkey’s ATV-Sabah

January 30, 2012 World Screen Top Stories

ISTANBUL: Time Warner, News Corp. and the private equity group Texas Pacific have reportedly placed formal bids to acquire the Turkish media group ATV-Sabah, a unit of Calik Holding.

Calik Holding bought ATV-Sabah in 2007 for $1.1 billion. One of Turkey’s largest media groups, ATV-Sabah combines a popular television channel and a leading Turkish newspaper. Bids are said to be near the $1 billion asking price.

About World Screen

The leading source of information for the international media business.

ALSO READ

NAO: BBC on Track to Deliver Cost-Savings Targets

The BBC is on track to meet its current savings targets but will likely need to make further expenditure cuts in the coming years as it faces falling audience shares and fewer people paying a license fee, according to the U.K.'s National Audit Office (NAO).

World Screen Newsflash is the leading source of daily news for the international media industry, covering all segments of the business, including new show announcements, sales deals, co-productions, research reports and personnel appointments.

Time Warner, News Corp. Said to Bid for Turkey’s ATV-Sabah

About World Screen

ALSO READ

NAO: BBC on Track to Deliver Cost-Savings Targets

Report Highlights Fiction Downturn in Europe

BBC & ITV Seal World Cup Deal

Tubi Scores Liga MX Rights for Mexico & Central America