Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hurriyet Drops Most in a Month on Report Acquittals Reversed

Don't Miss Out —
Follow us on:

May 9 (Bloomberg) -- Hurriyet Gazetecilik AS, publisher of the Turkish newspaper Hurriyet, fell the most in almost a month after Star reported the acquittal of some of executives in a case involving alleged shareholder losses was overturned.

The shares retreated 5 percent to 96 kurus at the close in Istanbul, the biggest drop since April 12. Dogan Gazetecilik AS, a sister company under the Dogan media group whose executives’ acquittal was also overturned, according to Star, retreated 1.9 percent to 1.53 liras, the lowest close since January.

The top court in Ankara overturned an Istanbul court’s ruling which had acquitted the executives in the case on charges of causing losses for minority shareholders by reducing profit via paper imports, according to Star.

Hurriyet and Dogan Gazetecilik are units of media group Dogan Yayin Holding AS, which fell 2.9 percent to 66 kurus. Banu Camlitepe, a Dogan spokeswoman, did not immediately respond to requests for comment by phone and e-mail.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.