Internet Gold plans Russian portal

The company also hopes that the new portal will help it to claim a larger share of the growing Internet advertising market, of which the Russian sector accounts for nearly 15% in Israel.

Petah Tikva-based Internet Gold said Tuesday its subsidiary, Smile.Media Ltd., has signed an agreement with Channel 9, the country's only Russian-language television station, in order to team up to create a new Russian-language Internet portal for Israel. According to the company, the new portal will combine Channel 9's video and television programming with content from Smile.Media's existing www.zahav.ru Russian-language portal in a bid to become the primary global source of Russian-language information about Israel. The company also hopes that the new portal will help it to claim a larger share of the growing Internet advertising market, of which the Russian sector accounts for nearly 15% in Israel.