Media mogul and former minister Dahlan Iskan has reportedly sold his entire stake at Jawa Pos Group to property tycoon Ciputra and other investors. (Antara Photo/Vitalis Yogi Trisna)

Media Mogul Dahlan Iskan Gives Up Entire Stake in Jawa Pos: Report

BY :JAKARTA GLOBE

NOVEMBER 15, 2017

[Updated on Thursday (16/11) at 12.33 p.m. to add link to a story on Ciputra Group and Goenawan Muhamad denying this news and add the fact Eric Samola had passed away in 2000]

Jakarta. Media mogul and former State-Owned Enterprises Minister Dahlan Iskan has reportedly sold his entire stake at Jawa Pos Group to property tycoon Ciputra and other investors, a local media report said on Wednesday (15/11).

Ciputra, the founder of property conglomerate Ciputra, is not a newcomer to the media industry. Along with Sukamdani Sahid Gitosardjono, Anthony Salim and Eric Samola — who died in 2000 — he established Jurnalindo Aksara Grafika, which publishes daily business newspaper Bisnis Indonesia.

Sukamdani is the patriarch of the family that controls two of Indonesia's oldest hotel chains, Hotel Sahid and Hotel Sahid Jaya Internasional. Anthony is the patriarch of diversified conglomerate Salim Group.

According to a report by www.wartaekonomi.co.id, the online portal of biweekly business magazine Warta Ekonomi, before selling his stake to Ciputra, the former minister had also sold shares to his Jawa Pos partner Eric.

Eric, according to the report, was also the president director of Grafiti Pers, which owns a 24.28 percent stake at Tempo Inti Media, a listed media company, which publishes Tempo Group's daily newspaper, weekly magazine, online news portal, children's magazine and lifestyle journals.

Tempo's founder Goenawan Mohamad, according to the report, is also among the buyers of the shares offered by Dahlan.

Warta Ekonomi said Jawa Pos Group called an extraordinary general meeting of shareholders on Tuesday, which approved the resignation of Dahlan's son Azrul Ananda, known as Ulik, from the positions of Jawa Pos newspaper's president director and Jawa Pos Group's commissioner.

Ulik will be replaced by Hidayat Jati, the son of Goenawan.

A director at Ciputra Development, a listed property developer and part of Ciputra Group, and Goenawan denied the news.

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