"Dogan group sells two leading newspapers" - Sabah

"Dogan Gazetecilik, the newspaper publishing unit of Turkey's biggest media group Dogan Yayin, said Turkey's Demiroren-Karacan partnership agreed to buy Milliyet and Vatan newspapers for $74 million. Demiroren-Karacan group will pay $26 million for Vatan newspaper and $47.96 million for Milliyet, Dogan Gazetecilik said in a statement to the Istanbul Stock Exchange on Wednesday. Dogan Gazetecilik shares were up 14.3 percent after the news but by 1418 GMT had reversed direction to trade 5.3 per.