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Properties of 4 critical media outlets seized by government up for sale

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Properties belonging to four media outlets seized by the Turkish government under post-coup emergency rule have been put up for sale by the state-run Savings Deposit Insurance Fund (TMSF).

According to Turkish media reports on Tuesday, the TMSF listed properties belonging to the Kanaltürk and Bugün TV stations and the Millet and Bugün newspapers to be sold at auction.

All four of the media outlets, known for their critical stance against the government, were earlier seized from Koza İpek Holding.

The estimated price set for the properties amounts to $2.6 million in total.

Nearly 1,000 companies with $12 billion in assets have been transferred to the TMSF since a coup attempt on July 15, 2016. The companies in question were mostly targeted as part of a state crackdown against the Gülen movement, which the government accuses of masterminding the coup attempt. The movement denies involvement.

Among the seized companies are more than 160 media outlets that used to have critical editorial policies. (Turkey Purge)

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