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April 21, 2014 / 21 Nisan, 5774
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Posts Tagged ‘Shlomo Ben Zvi’

Makor Rishon For Sale?

Wednesday, March 12th, 2014

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.

Makor Rishon to Buy Maariv?

Thursday, September 6th, 2012

Globes is reporting that Shlomo Ben-Zvi, one of the owners of the religious Israeli newspaper, Makor Rishon, is in advanced talks with Maariv owner Nochi Dankner to buy the Maariv newspaper.

The report said that Ben-Zvi doesn’t plan to buy the debt of the paper, just the assets, including the Maariv brand name and control.

The deal is estimated in the tens of millions of shekels.

Printed from: http://www.jewishpress.com/news/breaking-news/makor-rishon-to-buy-maariv/2012/09/06/

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