web analytics
March 3, 2015 / 12 Adar , 5775
At a Glance
News & Views
Sponsored Post


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.

Current Top Story
Prime Minister Binyamin Netanyahu addressing Congress.
The “Esther Moment” and Why There is Nothing “Random” About This Day
Latest News Stories
Netanyahu's map illustrating the extent of the Iran-funded  Hezbollah terrorist network.

The Prime Minister showed AIPAC a map of Iranian-backed Hezbollah attacks in five different continents.

Iranian Foreign Minister Mohammad Javad Zarif.

If Iran is serious, Netanyahu can skip his speech and tell the Air Force to rev up its engines.

U.S. Capitol

Names and contact information of House Democrats who have confirmed attendance at Bibi’s speech.

Obama's opposition to Netanyahu's speaking in Congress has cooked up demand for tickets.

The anti-Netanyahu crowd, in the spirit of topsy-turvy Purim, drummed up support for his speech.

Iran, like the Palestinian Authority, has one mindset. A deal is not peace. It is an evil piece of paper.

PA President Mahmoud Abbas is making sure PA children will go without milk and the parents forced to ration what little milk they have.

US President Barack Obama contends Israel is “safer today than ever before,” says give Iran talks a chance.

Islamic State in Iraq and Syria is threatening to kill the founder of Twitter and his employees because they are blocking tweets from Daesh, known also as ISIS.

US Ambassador to the UN Samantha Power tells AIPAC on Monday that America “will not allow Iran to obtain a nuclear weapon. Period.”

“Today, we are no longer silent; today, we have a voice. Tomorrow, as prime minister of the only Jewish state, I plan to use that voice.”

Former Consul Alon Pinkas charges Prime Minister Netanyahu is “injecting Israel into the American political arena – he loves doing that.”

Former Israel Ambassador to the UN Dore Gold says PM Netanyahu’s speech to Congress “will have substance no one has heard before.”

Want to know who are the Bibicotters and how you can tell them what you think?

Prime Minister Binyamin Netanyahu told a packed room at AIPAC on Monday the US-Israel alliance is “sound.” But on Iran: “No one makes alliances with the weak,” he warned.

IDF soldiers, reservists and local security units participated in a massive training drill in the town of Efrat, Gush Etzion, reenacting an infiltration of terrorists into the settlement, on March 02, 2015. The IDF’s central command called a surprise training exercise in the West Bank to test reservists’ alertness and to prepare for the possibility […]

More Articles from JTA

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.

The Nazis nearly destroyed the 17th synagogue.

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 […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

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: