It appears that Makor Rishon may now be up for sale.
Makor Rishon is a popular Israeli/Hebrew newspaper that caters to the Religious-Zionist market.
Last year, the newspaper’s management purchased the failed newspaper, Maariv, which subsequently turned into a financial black hole that has neen sucking Makor Rishon dry. Agreements connected to the purchase of Maariv linked it to Makor Rishon, which precludes dumping Maariv separately to save Makor Rishon.
Reports say that a third of the employees of Makor Rishon and Maariv were placed on unpaid vacation. Some employees say they haven’t received their February salaries.
Sources say that the goal of the paper’s management appears to be simply keep the paper going, running on a low flame, until a buyer can be found.
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