The Forward 50

Sheldon Adelson

Sheldon Adelson

Business

It has been a banner year for billionaire Sheldon Adelson, though some of his actions garnered a bunch of bad publicity, too. The casino mogul’s free newspaper, Israel Hayom, which has a strong right-wing slant, maintained its impressive reign as the largest Monday-through-Friday daily circulation newspaper in Israel.

Adelson also made a foray into the U.S media market by teaming up with a new nonprofit newswire, JointMedia News Service. Meanwhile, according to Forbes magazine, the man who once called himself “the richest Jew in the world” saw his wealth climb by $7 billion this year to $21 billion.

But Adelson, 78, also found himself embroiled in a major scandal that drew unwelcome attention to the American-Jewish influence over Israeli media. In September, Israel’s Channel 10 was forced to issue a humiliating apology for a critical report of Adelson that it broadcast. The station’s anchorman resigned on-air and the channel’s news chief and a senior editor stepped down, too.

The apology may have been a sober business decision in the face of a possible lawsuit. But observers could not help but note that U.S. billionaire Ronald Lauder, a friend of Adelson’s, owns a 25% stake in Channel 10. While some feared the episode could herald the start of Israeli media self-censorship, others predicted that the tsunami of negative publicity would deter Adelson from making such a fuss in the future.

Plus One

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, the Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, the Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • British Jews are having their 'Open Hillel' moment. Do you think Israel advocacy on campus runs the risk of excluding some Jewish students?
  • "What I didn’t realize before my trip was that I would leave Uganda with a powerful mandate on my shoulders — almost as if I had personally left Egypt."
  • Is it better to have a young, fresh rabbi, or a rabbi who stays with the same congregation for a long time? What do you think?
  • Why does the leader of Israel's social protest movement now work in a beauty parlor instead of the Knesset?
  • What's it like to be Chagall's granddaughter?
  • Is pot kosher for Passover. The rabbis say no, especially for Ashkenazi Jews. And it doesn't matter if its the unofficial Pot Day of April 20.
  • A Ukrainian rabbi says he thinks the leaflets ordering Jews in restive Donetsk to 'register' were a hoax. But the disturbing story still won't die.
  • Some snacks to help you get through the second half of Passover.
  • You wouldn't think that a Soviet-Jewish immigrant would find much in common with Gabriel Garcia Marquez. But the famed novelist once helped one man find his first love. http://jd.fo/f3JiS
  • Can you relate?
  • The Forverts' "Bintel Brief" advice column ran for more than 65 years. Now it's getting a second life — as a cartoon.
  • Half of this Hillel's members believe Jesus was the Messiah.
  • Vinyl isn't just for hipsters and hippies. Israeli photographer Eilan Paz documents the most astonishing record collections from around the world:http://jd.fo/g3IyM
  • Could Spider-Man be Jewish? Andrew Garfield thinks so.
  • Most tasteless video ever? A new video shows Jesus Christ dying at Auschwitz.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.