BREAKING NEWS

Court approves NIS 140 million 'Ma'ariv' sale

OCTOBER 23, 2012 18:07

Tel Aviv District Court on Tuesday approved the NIS 140 million sale of the newspaper Ma'ariv to Shlomo Ben-Tzvi, who will buy the paper and associated assets, and Amos Maimon, who will buy the printing house.

Crucially, the new owners have committed, at least for 18 months in most cases, to continue to employ up to 1,400 of Ma'ariv's 2,000 workers.

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