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Turkey's post-coup crackdown reaches media giants

The few remaining opposition newspapers still able to report on Turkey's economic floundering are losing their own foreign investors in a dramatic demonstration of the trend the ruling Turkish party is trying to suppress.
TOPSHOT - Protesters hold copies of the latest edition of the the Turkish daily newspaper "Cumhuriyet" as they shout slogans during a demonstration outside the newspaper's headquarters in Istanbul on November 1,2016 a day after its editor in chief was detained by police. 
Turkish police detained the editor-in-chief of the opposition newspaper Cumhuriyet, state media reported, while the daily said several of its writers were taken into police custody. Murat Sabuncu was detained while authorities searched for
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Mounting terror threats, massive purges, shrinking press freedom and government pressure on the business world are beginning to take their toll on Turkey, including its media bosses.

Axel Springer SE, one of Europe’s biggest publishers, will not be making new investments in Turkey, the group’s chief executive officer announced Nov. 3. Mathias Dopfner added that the Berlin-based media giant will sell its remaining 7% stake in Turkish broadcaster Dogan TV. In a call with reporters, Dopfner didn’t mince words: “Press freedom is being trampled upon,” he said.

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