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Ekol TV, one of the newly established mainstream broadcasters in Türkiye, announced Monday that it has halted its broadcasting activities after nearly two years on air, following a board decision that the channel could no longer maintain economic sustainability.
The decision comes after one of the channel’s main shareholders, Azerbaijani businessman Mubariz Mansimov, withdrew from the operation in October.
The announcement, posted on the channel’s website, thanked its employees and shareholders, noted that the broadcaster had attracted strong interest from viewers.
Management said recent shifts in the company’s capital structure and broader financial conditions have placed pressure on the channel’s operating model, making it harder for the broadcaster to continue its operations under current market conditions.
The board said it reviewed all available options before deciding to discontinue operations. This decision, it noted, was made after assessing long-term financial planning and criteria related to economic sustainability.
Mubariz Mansimov is an Azerbaijani-born businessman and founder of the Palmali Group of Companies, a global maritime shipping and logistics firm headquartered in Istanbul. After he acquired Ekol TV’s shares in April 2024, the channel began broadcasting under the new structure.
In October, the broadcaster entered a downsizing phase as Mansimov stepped back from the operation. The channel closed its Ankara office and began reducing its workforce. It was reported that 250 employees in Istanbul would be dismissed, bringing the total number of journalists expected to lose their jobs — including those in Ankara — to around 300.
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