ISTANBUL — Turkish broadcaster TELE1 has been put up for sale with a base price of 28 million Turkish lira, following an announcement published in the Official Gazette.
The sale decision was issued by the Savings Deposit Insurance Fund (TMSF), which had previously taken control of the channel and appointed trustees after the arrest of its Editor-in-Chief, Merdan Yanardağ, in October 2025 on espionage-related allegations.
Auction Process and Terms
According to the official notice, the sale will be conducted through a combination of sealed bidding and open auction procedures.
Prospective bidders must submit their offers by June 16, 2026, along with a deposit of ₺2.8 million to participate. The open auction phase is scheduled to take place on June 17, 2026, at TMSF headquarters in Istanbul.
The assets being sold are structured under the “TELE1 TV Commercial and Economic Integrity,” which includes properties, rights, and contractual assets belonging to associated companies.
Background to the Sale
The move comes after authorities appointed TMSF as trustee to the broadcaster’s parent company following a legal investigation. After the takeover, the fund assumed management of the channel, paving the way for its eventual sale.
The sale is seen as part of broader legal and financial proceedings related to the case, with the channel now set to change ownership through a formal tender process.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök