Said Karimian, the owner of the GEM TV Group and a British citizen of Iranian origin, was gunned down late yesterday along with a Kuwaiti business partner in the upscale Maslak district of Istanbul, the Hurriyet newspaper said.
Initial reports yesterday had said two Iranians had been killed, without giving the identities.
In a statement on its Facebook page, GEM TV confirmed that Karimian had died but without making clear the circumstances of the death.
Kuwait's state-run KUNA news agency quoted the Kuwaiti consul general in Istanbul as saying that a Kuwaiti citizen was shot and killed in Istanbul late yesterday.
Dogan news agency said that the two men were shot dead while driving in the Maslak area by individuals in another vehicle who blocked the path of their car, got out, and gunned them down.
Footage broadcast by the news agency showed the targeted vehicle in Maslak with at least one bullet hole through the window.
It also showed that the suspected getaway car had been turned into a burned out wreck after being left in the hard shoulder of a road and set on fire.
Reports said that Karimian died on the spot after the shooting while the Kuwaiti later died in hospital.
Based in Dubai, GEM-TV offers Western programmes to Persian-speaking audiences that are not available in the Islamic Republic including US game shows and Turkish soaps.
The group has been on a large expansion offensive, recently adding several new channels and recruiting Iranian artists and staff from inside and abroad.
Conservative Iranian media reports meanwhile said Karimian was linked in the past to The People's Mujahedeen of Iran (PMOI), an exiled opposition group which Tehran sees as a criminal network aiming to bring down the Iranian government.
The judiciary's Mizanonline agency said Karimian had gone to the PMOI's Ashraf base inside Iraq at the end of the 1980- 1988 Iran-Iraq war.
The National Council of Resistance of Iran (NCRI), a Paris-based political group seen as the political wing of the PMOI, denounced the claims as a fabrication, accusing Iranian media of doctoring photographs.
It claimed the shooting was an "assassination" carried out by the Iranian regime, adding that Tehran wanted to attribute it to the PMOI.
Gun-related crime is relatively common in Istanbul although targeted assassinations are far from an everyday occurrence.
Yet the city has become notorious as the site of a string of killings of at least half a dozen Chechens, including figures linked to the insurgency in the Caucasus. Activists have blamed Russian intelligence although this has never been confirmed.
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