Seconds often make the difference between life and death and new technology makes the difference…
American billionaire Ronald Lauder agreed to bail out the financially troubled Israeli television station Channel 10.
Under the agreement signed with the State of Israel, the franchise for Israel’s second commercial channel will be extended for three years and Lauder, the station’s majority shareholder, will invest nearly $21 million over that time, the Israeli business daily Globes reported.
Channel 10’s debt is equal to about $29 million, according to reports.
Lauder, who owns 25 channels in Eastern Europe, said during a news conference on Sunday that he was signing the agreement to help save the jobs of the station’s 600 employees. He also decried Israel’s stringent regulatory laws, saying that no other country in the world has regulations as tough as Israel.
The station’s debt consists of state royalties and license fees, as well as interest on the fees, according to reports.
Lauder is the president of the World Jewish Congress.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
The death toll continues to rise following earthquakes in Nepal as rescue workers fight the clock.
Ready for the big news? George W. Bush doesn’t think much of Barack Obama’s foreign policy decisions.
A credible threat that rival gangs will unite amid riots to “take out” Baltimore Police after Freddie Gray, 25, dies in custody.
The families of two American Jews began breathing again early Monday after Danny Cole and Mendy Losh “phoned home” from a small village thousands of feet high on Mount Everest to say they’re still safe.
UN admits Israel was right – Hamas attacked Israelis from UN facilities. Oops.
Senators want Iran to recognize Israel, release Jason Rezaian and for the President to certify Iran isn’t targeting US citizens…
The divestment measures are driven by hatred of Israel, not humanitarian concerns about Arabs.
Eleven Israelis, including 3 babies were returned to Israel from Nepal overnight. Here’s one of them.
No one was hurt because the bus was empty. No one heard about it because of the politically (in)correct media.
Biotech giant and cash-rich Gilead Sciences will open a marketing office in Israel, Globes Business news reported, making the company the first new generation American biotech firm to do so in the country. NewPharm in Israel markets Gilead’s products to the tune of tens of millions of dollars year, and the local company said Gilead […]
Israel leads rescue efforts. Death toll will rise. Thousands are homeless. Below: Dramatic as-it-happened video.
No matter who was behind the attack, Hezbollah knows it has more than one enemy.
The left-wing party’s problem is that the ministry spent more money to promote Judaism than democracy.
Arab sources report the IAF destroyed a missile site and killed Syrian soldiers.
More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]
New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]
“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.
Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.
Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]
Printed from: http://www.jewishpress.com/news/lauder-agrees-to-bail-out-israeli-tv-station/2012/12/03/
Scan this QR code to visit this page online: