Skip To Content
Get Our Newsletter
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe

Sheldon Adelson

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.

Engage

  • SHARE YOUR FEEDBACK

  • UPCOMING EVENT

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free under an Attribution-Non Commercial-No Derivatives Creative Commons license as long as you follow our republishing guidelines, which require that you credit Foward and retain our pixel. See our full guidelines for more information.

To republish, copy the HTML, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline, and credit to Foward. Have questions? Please email us at help@forward.com.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.