On February 2004, Star TV was put on the block by Turkish savings and deposit insurance funds (TMSF) along with other media assets, including seven radio stations, a newspaper and another TV station of the Uzan Group, to cover debts owed to the Treasury resulting from the takeover of İmar Bankası and Adabank.[1] TMSF put Star TV up for auction, and its purchased by Isil Television Broadcasting Corp. of Dogan Media Group, which offered the highest bid of $306.5 m at the auction on September 2005.[2]