The Turkish station ATV has been sold to the construction company Kalyon Insaat for an undisclosed fee.
Quoting local media sources, Zaman reports says this follows earlier denials by the Cengiz-Limak-Kolin consortium, a newly emerging media group with close ties to the ruling Justice and Development Party (AK Party), that it had acquired ATV.
ATV is currently owned by Çalik Holding, which also has close ties to the AK Party.
Çalik Holding paid $1.1 billion for ATV at the end of 2007 and appointed Goldman Sachs last January to manage the sale of a majority stake in the station.
As previously reported in Broadband TV News, ATV has attracted interest from a number of potential buyers in Time Warner.
