BREAKING NEWS

PM postpones vote on Channel 10 debt bill

By JPOST.COM STAFF, LAHAV HARKOV

JANUARY 15, 2012 13:22

Prime Minister Binyamin Netanyahu on Sunday postponed a Ministerial Committee for Legislation vote on a bill that would prevent Channel 10 from shutting down by the end of the month.

The bill, proposed by MKs Nachman Shai (Kadima) and Eitan Cabel (Labor), would allow the channel to spend its debt on Israeli-produced programming, instead of paying the Second Authority for Television and Radio, which is responsible for Channels 2 and 10.

Channel 10 is likely to close at the end of January, unless an investor or shareholders pay the NIS 60 million in royalties and franchise fees the television station owes the government and the Second Authority. Last month, the Knesset Economics Committee rejected a motion to delay the channel’s payments.

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