En Cumhuriyet Daily is offered to public

Cumhuriyet Daily is offered to public

18.03.2000 - 00:00 | Son Güncellenme: 18.03.2000 - 00:00

Cumhuriyet Daily is offered to public

Cumhuriyet Daily decided to establish a new Media Group and will be offered to public. The new establishment aims to make an opening including a radio and a tv channel, with a capital of $95 million Esra Yener

       The editorial Ilhan Selcuk yesterday in Cumhuriyet Daily signalled a
       new project. According to the information Cumhuriyet aims to offer its
       readers to hold the ownership and is planning to have an extended rate of
       public held.
       Cumhuriyet Daily, which has been managed by Cumhuriyet Endowment starts a
       new campaign. The newspaper whose 49 percent is held by its workers, will
       offer the shares of a new foundation to the public under a slogan that
       'Cumhuriyet makes its readers to share the future of Cumhuriyet (Republic).'
       Answering the questions journalist Aydin Engin stated that the newspaper
       will reconstruct itself and will make a new opening.
       "The only condition of the project that is open to everyone that adopts,
       defends and encourages the principles of Cumhuriyet Daily, is that our
       endowment will determine the policies of the newspaper, the radio and the tv
       channel. This is out of discussion," he said.
       The project bids the shares of the new media group will first be offered to
       public after an allowance taken from Capital Market Board through brokers.
       The smallest share will be of $100 and there will be no upper limit in the
       sales.
       According to the information there are some important businessmen among
       those that support the project. The Chairman of Istanbul Industry Chamber
       Husamettin Kavi, former chairman Memduh Hacioglu, Murtaza Celikel and
       Ibrahim Bodur are mentioned among these names.