The news channel SKYTURK 360, along with 2 national newspapers, 5 magazines and 2 radio channels have been sold to the businessman and entrepeneur Ethem Sancak on 21 November 2013.

The Turkish Savings Deposit and Insurance Fund (TMSF) had seized these media assets,

formerly belonging to the Çukurova Holding, due to its debts. Under its supervision, the Çukurova Group and

Ethem Sancak have agreed on $62 million for the media group known as“Turkmedya”.

Resource: cnnturk.com