New group interested in bid to save Channel 10

The group comprises managers of the embattled television channel and journalists from outside it.

December 19, 2011 20:39
1 minute read.
Channel 10 logo

Channel 10 logo_311. (photo credit: Courtesy)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


A new solution was emerging Monday to the possible closure of television Channel 10 and Hevrat Hahadshot (Israel News Company). Senior managers of Channel 10, together with journalists from outside the company, have expressed interest in buying the channel from its owners. Sources informed Globes that senior Israeli journalists recently expressed interest in the initiative, and said that if it went ahead, they would participate.

The plan is for the channel to be floated and for the stakes of the existing shareholders to be diluted. Up to now, the attempts to solve the problem of the royalties and franchise fees owed by Channel 10, amounting to NIS 44 million, have centered on political efforts to defer the debts, and searches for a new investor to inject cash.

Be the first to know - Join our Facebook page.

Channel 10 may shut down after Knesset rejects debt payment
Advertisers propose plan to save Ch. 10

The new plan would combine raising money from the public with the transfer of day-to-day control to professional management from the current shareholders and their representatives.

The proposed solution would also enable Hevrat Hahadashot to continue operating; if Channel 10 is merged into another franchisee, its existence would be put at risk. Under the new proposal, those promoting the move hope, pluralism in news broadcasting will be preserved and the channel will have greater journalistic freedom of action.

Those involved in the move, who prefer to remain anonymous for the time being, also hoped that spreading the ownership of the channel among the public will prevent any one person or interest from gaining a substantial stake.

Behind the move lies the Hatzlahah movement and its legal counsel, Adv Elad Man. Man proposed a similar move at Ma'ariv when the newspaper was owned by Zaki Rakib and before it was taken over by Nochi Dankner.


Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection