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Shares in Turkish leading media group Dogan soar

Wed Jun 24, 2009 10:12am EDT

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ISTANBUL, June 24 (Reuters) - Shares in Turkey's Dogan Yayin (DYHOL.IS), controlling more than half of the domestic private media market, rose more than 12 percent on Wednesday.

A company official of Dogan Yayin, which has often clashed with the Turkish government over its television and newspapers' reporting, said they did not know the reason behind the sharp gains.

Istanbul's blue-chip index closed up 2.43 percent.

Dogan Yayin gained 12.15 percent at 1.20 lira. Two of its newspaper subsidiaries Dogan Gazetec (DGZTE.IS) and Hurriyet Gazetec (HURGZ.IS) rose 12.30 percent and 9.10 percent respectively.

(Writing by Paul de Bendern)



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