Channel 1 workers worry about financial future

Due to the Israeli Broadcasting Authority's increasingly dire financial state, long-time workers there are worried about the imminent demise of their careers in television. "The whole IBA is collapsing because of bad management," one source at the IBA told The Jerusalem Post. "The budget for next year is non-existent, and there is massive cutting back on programming except for the news." As a result, Channel 1 may cancel its annual production of the pre-Eurovision competition, which is scheduled for March 15. The production, whose estimated cost last year was NIS 1.5 million, remains one of Channel 1's few surviving independent productions.