web analytics
September 1, 2014 / 6 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Lauder Agrees to Bail Out Israeli TV Station

By: JTA

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.

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.

3 Responses to “Lauder Agrees to Bail Out Israeli TV Station”

  1. Scott Jacobs says:

    But will he pull their leftist news rightward?

  2. That's too bad, much better if Channel 10 would go out of business. Almost no one watches it, the programing is awful, and the news is all Leftist BS.

  3. Mordechai Motti Luzia says:

    LOL

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
UN troops look at smoke rising from Quneitra on the Syrian side of the Golan Heights. Aug. 27, 2014
UN Commander Says ‘Raise the White Flag’ as Syrian Rebels Take UN Peacekeepers Hostage, Attack Others
Latest News Stories
UN troops look at smoke rising from Quneitra on the Syrian side of the Golan Heights. Aug. 27, 2014

A Syrian rebel group attacks dozens of UN peacekeepers in the Golan Heights; others are held captive. UNDOF head is challenged.

The price of self-service 95 octane gasoline in Israel dropped by a tiny bit — one agora per liter — at midnight on Sunday.

IDF map of terrorist tunnels that were found near Israeli communities near the Gaza border, identified and mapped. July 27, 2014. These were destroyed by the IDF. Residents fear there are more that have yet to be uncovered.

Residents of Gaza Belt communities were furious and worried on the first day of school to find no one at the guard posts.

Egged Bus No. 161, which travels through the Etzion bloc, attacked by Arabs near Beitar junction on Sept. 1, 2014.

Arab terror gangs have again attacked Israeli travelers over the past few hours on main arteries around Jerusalem.

Minister Bennett praised the government in a visit to Gush Etzion for its decision to answer terror with Jewish expansion.

The International Criminal Court at The Hague has no jurisdiction over Gaza or anywhere else in the PA — yet.

Jerusalem Arabs attacked the Light Rail train Monday morning as it passed through the northern Arab neighborhood of Shuafat.

Arab media claim the US is again pressuring Israel to restart final status talks with the Palestinian Authority.

The Obama administration has sharply condemned the Israeli government’s decision Sunday to designate a lot in Gush Etzion as state land.

What is interesting is the latest reason the Arabs are rioting…

A mortar launched from Syria landed inside an Israeli agricultural area, close to 9am.

Assad and the rebels are fighting again for control over the crossing with Israel.

It doesn’t matter how old you are, boys like their toys. In this case, the boy is Israeli President Ruby Rivlin sitting in a fighter jet in the Tel Nof Air Force base. Vrrmmmm, whoosh, boom…

Jews seeking to shame Netanyahu into enforcing the Apartheid Green Line so as not to anger the UNGA are shameful.

Lady Gaga once again defies the BDSers and will appear in Tel Aviv on Sept. 13.

It’s only taken 12 years, but Jerusalem may once again have a Chief Rabbi…

More Articles from JTA
Lev Tahor children, in black garb, play with their toys.

Mixing the Haredi Lev Tahor cult with a bunch of fiercely religious Roman Catholics is a recipe for dynamite.

Growing anti-Semitism is Israel;s fault according to a chaplain at Yale.

If Israel would just not exists, and if Jews would stop being Jewish, there would be no anti-Semitism in the world.

Netanyahu gets support from Congressmen on House Armed Services Committee

Nearly 200 Hollywood elite, including Sylvester Stallone and Seth Rogen, signed a statement condemning Hamas as its conflict with Israel continues.

Police entered the apartment after relatives were unable to contact the couple.

If you are worried about your child marrying a non-Jew, and you should be, then move to Israel.

If “the only thing we have to fear is fear itself,” Diaspora Jews are in big trouble.

Al Qaeda wants the US to free terrorists in return for freeing Warren Weinstein.

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: