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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Murdoch partners music impresario in Turkish TV deal

Rupert Murdoch's News Corp is to acquire a television station in Turkey in partnership with the music entrepreneur, Ahmet Ertegun, in a deal that could spark a fresh attempt to liberalise the country's media ownership laws. News Corp and Ertegun, the founder and chairman of Atlantic Records, are to pay TL151m (£53m) for TGRT, a general-interest TV station. Turkey's media ownership laws mean that no single foreign investor can own more than 25% of a media operator. To overcome that problem, Ertegun, a Turkish citizen, will hold the licence for the station, but News Corp will probably be able to receive more than 25% of the revenues. (Via news.moneycentral.msn.com)

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