ANKARA - Supreme Board of Radio & Television (RTUK) decided on Wednesday that the sale of part of shares of `Dogan TV Radio Broadcast Inc.` to a foreign company was not in conformity with the provisions of the Law on Foundation & Broadcast of Radio and Television Channels.
RTUK stated that Istanbul Stock Exchange (IMKB) asked for an opinion about the transfer and sale of shares of Dogan TV Radio Broadcast Inc. to a foreign company.
RTUK held a meeting about the issue today and issued a negative opinion.
Dogan TV Radio Broadcast Inc. had announced on June 1st that 19.99 percent of Dogan TV shares were sold Deutsche Bank AG.