web analytics
January 27, 2015 / 7 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


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: Reports news at JewishPress.com.


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
Israeli soldiers praying as IDF forces seen reinforcing presence in the Golan Heights Northern Israel.
Two Missiles Explode in Golan Heights; IDF Returns Fire
Latest News Stories
Yad Vashem

An IDF soldier at the Yad Vashem Holocaust Memorial museum in Jerusalem. Tuesday, January 27th is International Holocaust Remembrance Day. On January 27, 1945 the Auschwitz-Birkenau concentration camp was liberated by Soviet forces.

The “Ugly Israeli” has taken its form in six idiots who beat a Druze student, who served in the IDF, because he was speaking Arabic. A Jerusalem court was told the gang of Jews attacked the music student at the Central Bus Station in Jerusalem. The victim, identified as Tommy Hasson, served in the Druze […]

President Barack Obama walking with Chief of Staff Jack Lew during a break from debate preparations in Williamsburg, Va., Oct. 14, 2012.

President Obama is sending Jack Lew, the first Orthodox Jewish Treasury Secretary to the commemoration. Secretary Lew will be leading a delegation of State Department officials and Auschwitz survivors.

Israeli soldiers praying as IDF forces seen reinforcing presence in the Golan Heights Northern Israel.

Two missiles exploded in the northern Golan Heights Tuesday afternoon, and the IDF has returned artillery fire into Syrian territory. The army is trying to determine where the missiles landed. It is not known if the missiles were misfired or were aimed at Israel. Unconfirmed reports said four rockets were launched at Israel. Sirens sounded […]

If two inches of snow is enough to shut down New York, what happens when two feet fall?

The Israeli economy is on the way to becoming owned by foreigners.

Israel’s president met in NY with the parents of lone soldiers who died during Operation Protective Edge

Facebook, Instagram and other social media platforms have fallen off the Internet worldwide.

Fifteen Auschwitz survivors, aged 80-94, returned this morning, Monday January 26, to the infamous death camp, Auschwitz, some for the first time.

Yair Lapid has announced his Yesh Atid list for the upcoming elections….

God has not cooperated with the Boycott Israel movement.

El Al has canceled its popular 001 after-midnight flight from Ben Gurion Airport to JFK in New York because of the expected blizzard that is forecast to cripple the Northeast in the United States. Flight 027 to Newark, New Jersey will take off 11 hours late, and the flight from Newark to Tel Aviv will […]

Maybe the court will forgive the gang because one of them apologized.

Ari Ne’eman, a pioneer in autism self-advocacy, awarded the Ruderman Prize in Inclusion.

IDF soldiers were dragged to missionary evening of ‘appreciation’ for soldiers who fought in Operation Protective Edge last summer in Gaza.

More Articles from Shalom Bear
Livni & Herzog Switch Sides

Apparently the Arabs believe that all these years they voted for Labor, they were not voting for a Zionist party.

Alberto Nisman, special prosecutor for Argentina Jewish Center bombing, shot dead, Jan. 19, 2015.

“In case someone murders me, all the data is saved.”

A CAA survey shows a bleak picture for UK Jewry. The results are so bad that the report describes itself a “Wake Up Call”.

France allegedly snubbed Israel and didn’t want Netanyahu at the rally, but it was important that Netanyahu pushed his way to the front of the line.

Gisha complains not enough building materials is let into Gaza, but admits what goes in isn’t being used to rebuild Gazan homes.

The Gazans said they missed Gush Katif and working with the Jewish Settlers, at a conference of Gazan and Israeli farmers and importers held in Israel.

Ayala, who was burned on 50% of her body, came out of her coma on Thursday afternoon…

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: