Media Channel: Sabah

Sabah
Newspaper
Turkey

20 - 49 Employees
Sabah

Sabah is a Turkish daily newspaper, with a circulation of around 330,000 as of 2011. Its name means "morning" in Turkish.The newspaper was founded in Izmir by Dinc Bilgin on 22 April 1985.In 2007, the government of Turkish Prime Minister Recep Tayyip Erdogan seized the newspaper, citing a legal document that had not been disclosed to authorities when Sabah was sold in 2001. Ownership of the newspaper was given to the Savings Deposit Insurance Fund of Turkey. Some of the newspaper's staffers were fired, and the paper was then sold to the Turkuvaz Media Group belonging to Calık Holding whose CEO, Berat Albayrak, is the son-in-law of Erdoğan and whose chairman, Ahmet Calık, has been described as a "close associate" of Erdogan.The $1.1bn sale aroused substantial controversy in Turkey, not least because it was partially financed by $750m of loans from two state banks, VakıfBank and Halkbank, and was sold for the minimum price, with Calık Holding the sole bidder.

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