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October 30, 2014 / 6 Heshvan, 5775
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Makor Rishon For Sale?

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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2 Responses to “Makor Rishon For Sale?”

  1. Bear Klein says:

    As a business consultant, I find that an all too common mistake is buying a company because it is perceived as a cheap investment.

    Ignored here was the Maariv, like many papers, are on their way to a hospice.

  2. Yaniv Baron says:

    How much are they selling the paper for?

Comments are closed.

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