Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update CNN Turk suffers in Turkish squeeze at General Satellite News forum; CNN Turk suffers in Turkish squeeze 13-01-2009 Turkey is suffering a major downturn in its media sector. On the newsprint ...

LinkBack Thread Tools Display Modes
Update CNN Turk suffers in Turkish squeeze
Bacteria's Avatar
Posts: 96,016

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 90531
Experience: 68%

Thanks: 1,107
Thanked 5,577 Times in 1,419 Posts
Join Date: Oct 2006
Age: 35
Update CNN Turk suffers in Turkish squeeze - 14-January-2009, 02:50

CNN Turk suffers in Turkish squeeze


Turkey is suffering a major downturn in its media sector. On the newsprint side, advertising is down and the cost of newsprint is up. CNN Turk (left), owned by Dogan in a joint-venture with Turner Broadcasting, has had to lay off staff. It isnt alone.

Several media groups, including the Dogan, Turkuvaz, ukurova and Ciner media groups, have resorted so far to various methods in their battle against the destructive impact of the financial turmoil, which has worsened as the Turkish Lira continues to lose value against foreign currency.

For example, the ukurova Group has dismissed more than 400 employees in the last few months in an attempt to deal with the negative effects of the economic crisis, according to Zaman newspaper. The staff members dismissed were mainly employed by the Aksam, Gnes and Tercman dailies, Trk Medya magazine and the Sky Trk television station, all of which belong to the group. Although Aksam's newly appointed Editor-in-Chief Ismail Kkkaya recently stated that layoffs would be a last resort, the initial signs are not promising, with employees at the daily worrying about what will happen next.

The Jan 11 edition of Zaman says that the Dogan Media Group is also trying to ease the impact of the turmoil through mass layoffs. Rumors are circulating that the group plans to dismiss 20% of its staff at the Hrriyet daily. The daily previously stopped the printing and distribution of its Friday supplement in a move to protect itself from the growing impact of the financial crisis. The Dogan Group has also dismissed many of its staff at CNN Trk.

Television stations NTV, of the Dogus Group, and ATV, Sabah and Takvim, of the Turkuvaz Media Group, are facing a similar fate as CNN Trk. The Turkuvaz Media Group is known to have sacked more than 50 workers so far, says the report.

The most drastic reaction to the financial crisis came from the Ciner Group, which has suspended some of its long-awaited projects and begun to prepare for some more unexpected ones. While many were waiting for the group to launch a new daily under the name of Habertrk, the group chose to dismiss many employees from the Habertrk and Kanal 1 TV stations. It is said that the group has given the cold shoulder to experienced journalists and columnists that it has been attempting to get to work for the group for a long time. On the other hand, the group recently launched a new weekly magazine, a Turkish-language version of Newsweek, says Zaman.
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.