BREAKING NEWS

Channel 10 expected to announce move to Jerusalem

By MELANIE LIDMAN

JUNE 18, 2011 23:17

Channel 10 is expected to announce on Sunday that they are moving their main operations to Jerusalem in the JCS studios near the Central Bus Station.

The municipality and the company have been in negotiations for the past few weeks, and the city is expected to give Channel 10 significant tax breaks as an incentive for the move, including a 90% discount on property taxes for the first three years, and discounts on apartments for the 500 employees of the company.

By law, Channel 10 is required to transfer the majority of their operations to the capital, a move that the company has resisted due to high costs. The move is estimated to cost between NIS 15 and NIS 40 million.

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