Close your eyes, breathe in deeply, now exhale slowly… That was easy, wasn’t it? Not for everyone…
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.
Both Carson and Trump are solidly behind Israel, but their real drawing card is that they are not politicians.
Oregon’s Jeff Merkley announced he is backing the nuclear deal, leaving Obama only three shy of a veto-proof majority.
The gas field is far larger than those discovered off Israel’s coast and will supply Egypt with gas for decades.
Israel’s Elbit Systems has racked up two more sales, this time by its cyber security subsidiary Cyberbit to a European police force and an African enforcement agency. Elbit, listed on NASDAQ, did not disclose the amount of the sales. It set up the Cyberbit subsidiary earlier this year to include the cyber and intelligence divisions […]
The regime’s Fars [Read “Farce”] News Agency reported that three Israelis and Jordanians were killed.
Jaffa port is a nice little port with a pleasant promenade to walk around on.
Barenboim rejected from Iran because he’s a “Zionist”. The irony is overwhelming.
Debbie Wasserman Schultz, DNC chair, allegedly blocked a DNC resolution supporting the Iran Deal.
Dr. Sacks was one of the greatest, if not the greatest, neurologists.
Arab readers of the Arabic version of Aljazeera responded with astonishment at the restraint shown by an armed Israeli soldier, who was filmed while a group of female villagers physically assaulted him during a rally.
Palestinian Arab terrorists shot and wounded an Israeli driver on the road near Kedumim.
Firefighters in Galilee were able to stop a brush fire on Sunday from spreading into a wildfire.
An Israeli woman has allegedly flown to Turkey to cross the border into Syria to join ISIS.
PM Netanyahu told Italian PM Renzi during weekend talks in Florence Israel does not object to a “civilian” nuclear program in Iran.
The car headed towards a group of four soldiers in Hebron, striking one.
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: