Media alliance: Ringier buys Dogan shares

Swiss Ringier AG and Turkish Dogan Yayin Holding A.S. (DYH) are about to sign a share transfer contract in which Ringier would buy 25% of the shares at Kanal D Romania, a channel due for the first broadcast in February, a press release of the Swiss group informs.

The information comes to complete the late rumors on a possible alliance between the two media groups. Another interesting piece of news is that the news programs at Kanal D will be realized through the video feeds offered by Realitatea TV and NewsIn, both media institutions belonging to the recently convicted businessman Sorin Ovidiu Vintu.

Cosmin Popa, NewsIn development manager, confirmed for HotNews.ro the information above. „The interior news stream for Kanal D will be provided by Realitatea TV and NewsIn, 24 hours a day, meaning a huge adaptability effort from our side”, said Popa.

“DYH follows its strategy, trying to become one an important player on the media market of all the countries that see a fast economic growth”, said Mehmet Ali Yalcindag, Dogan Yayin Holding A.S (DYH) Chief of Operations.

“Kanal D Romania is a first step in applying this strategy. We are delighted that Ringier, one of the most important European players on the media market, decided to join forces with us”, added Mehmet Ali Yalcindag.