web analytics
September 19, 2014 / 24 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



Is Sheldon Adelson Destroying Israel’s Newspapers?

US billionaire businessman Sheldon Adelson.

US billionaire businessman Sheldon Adelson.
Photo Credit: Flash 90

According to the Israeli financial website Globes, Sheldon Adelson is in advanced negotiations to purchase the Ha’aretz printing plant. The deal is believed to be in the order of $25 million dollars.

Over the past few months, Adelson’s free daily, Yisrael Hayom, has been searching for a new printing facility to replace the Ha’aretz plant where it currently prints its daily freesheet. Ha’aretz’s plant handles the printing for a number of different newspapers.

Adelson had recently been in negotiations with Nochi Dankner, a major shareholder and chairman of publicly traded IDB Group, Israel’s largest diversified business group with assets of more than $30 billion, to purchase Ma’ariv’s Levin Epstein Printing House. But that deal apparently fell through, striking a hard blow for Ma’ariv which is desperately strapped for cash. Ma’ariv has been looking to sell the printing plant and the land it sits on.

Many Israeli newspapers have been firing staff and “streamlining” these past few months. The right-wing Makor Rishon is one notable exception to the rule.

Globes reports that Ha’aretz announced it was firing 70 employees, some 32 from their own paper, and the rest from their financial daily, The Marker. Yediot Achronot will be firing dozens, many of them likely to be dropped from its website Ynet. Ma’ariv recently shut down its weekday print run, and fired 30 employees in June.

Yediot executives are blaming Adelson and Yisrael Hayom for destroying the Israeli newspaper industry, and more specifically, for destroying Ha’aretz and Yediot Achronot with the introduction of the free daily broadsheet.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

6 Responses to “Is Sheldon Adelson Destroying Israel’s Newspapers?”

  1. David Grossack says:

    If Mr. Adelson is destroying Haaretz, he is doing a service to humanity.

  2. Most of the Israeli media doesn't deserve to survive, I'd happily see Haaretz & Ynet go down the tubes. The public is sick & tired of Leftist BS. I read Israel HaYom & Arutz 7. Sheldon Adelson is a real mensch & deserving of great respect.

  3. Jerry Blaz says:

    Although Adelson is associated with strong views about economics, his interest in Israeli newspapers does not base itself on the economically feasible. He is so wealthy that what he "loses" in terms of expenses vs. monetary returns, it is "chump change." So he supports an Israeli government with his newspaper that is economically more rightwing in its economic philosophy than any previous Israeli governement, showing that he believes the ends justify the means, even if it also means that viewpoints to the left of Adelson and this Israeli government will be squelched, but "democracy" is still a nice name.

  4. Ltc Howard says:

    This is self-serving nonsense. Time magazine, Newsweek, etc. are hurting. The economist is thriving. The New York Times is hurting. The Wall Street Journal is thriving. As a reader of all these papers I find Haaretz to be deceptive and the source of much anti-Semitic and anti-Israel comments in the rest of the press throughout the world. Unfortunately, too many Israeli newspeople believe it is their God given right to attack Netanyahu and pontificate on numerous items that they have no knowledge of and certainly no responsibility with. No, it's not Mr. Adelson who is destroying Haaretz. It is the writers, editors and owners of Haaretz constantly get caught saying one thing and Hebrew and another thing in English.

  5. David Conley says:

    That's what you get when a newspaper prints the facts and leaves out the bs…success!

  6. A big fat disgusting BS!!! Even Yisrael Hayom is *NOT* a staunchly conservative newspaper. It very often publishes leftist defamotory crap. you simply don'"t know what you're talkin' 'bout, but that's understandable being on the other side of the globe regularly brainwashed by the nonstop churning of lies and spins of the so-called liberal media whores of the alphabet soup channels and the abominable NYT, WP, HuffPo etc. etc. etc.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Sen. Ted Cruz acts senate for unanimous consent to pass the Expatriate Terrorist Act. Sept. 18, 2014.
Ds Reject Voting to Strip Citizenship From US Jihadi ISIS Volunteers
Latest News Stories
British PM David Cameron meets with Israeli PM Binyamin Netanyahu

The people of Scotland have spoken: they will remain part of the United Kingdom.

Terrorists from Shuafat Refugee Camp opened fire at a home in Pisgat Ze’ev…

Iron Dome Missile Defense System protecting parts of southern Israel.

Defense official do not believe Hamas will actually begin shooting rockets at Israel over the next week or two.

Sen. Ted Cruz acts senate for unanimous consent to pass the Expatriate Terrorist Act. Sept. 18, 2014.

Cruz sought but failed to obtain senate’s unanimous consent to pass Expatriate Terrorist Act of 2014.

Terror tunnel work accident leaves 1 terrorist dead.

The world’s oldest known Jewish prayer book, or siddur, was displayed for the first time to the general public at the Bible Lands Museum.

The cabinet is set to vote on the path of the security fence which would cut off Gush Etzion from Jerusalem as well as be a major eyesore.

UK Muslims are calling on ISIS to release British aid volunteer Alan Henning, whose life is now threatened by the group.

Border Police officers blocked an axe-toting Arab man from carrying out a terror attack near Jerusalem.

A Code Red incoming rocket alert was sounded for Gaza Belt and Ashkelon Coastal communities.

Harvard law professor Alan Dershowitz says former Pres. Bill Clinton is wrong about PM Netanyahu.

A massive sting operation hauled in 15 suspects and foiled a plot by ISIS to hold a public beheading in Australia.

A 3-hour strike at Ben Gurion International Airport at check-in counters has delayed thousands.

Have you seen Menachem Bodner’s twin brother Jeno, or Jolli Gottesman? He’s out there.

Iran scorns as “ridiculous” a US-led anti-ISIS coalition without boots on the ground.

More Articles from Shalom Bear
Arabs on the Rafah border waiting to cross waiting to leave. (Archive: 2013)

Hundred of Gazans drowned as they tried to escape to Europe by boat. Hamas profited from their attempted escape.

A Gaza building, reportedly used by Hamas, destroyed by the IDF on August 26, 2014.

For too long the media and international community have been preaching that “Palestinians” bear no responsibility for the consequences of their decisions and they are passive victims of the conflict.

The Islamic hate mail we received in response to today’s cartoon had us on the floor laughing our heads off. But that might be a bad choice of words.

A Russian foreign ministry spokesman said any US air strike, without the backing of the UN, would be “an act of aggression”.

Burning ISIS flags is starting to go viral in Lebanon, but the Lebanese Justice Minister wants to make it illegal.

With new neighbors along our Syrian border, we thought we’d check out what they’re saying and what’s going on…

With Hamas, fear of failure will keeps you on your toes, literally…

Too much celebrating? Ismail Haniyeh moves from the sub-basement to an upper floor of Shifa hospital…

Printed from: http://www.jewishpress.com/news/breaking-news/is-sheldon-adelson-destroying-israels-newspapers/2012/08/14/

Scan this QR code to visit this page online: