Hundreds Facing Axe at Israel’s Ma’ariv
Just before the Yom Kippur, hundreds if not thousands of workers at the Maariv daily newspaper will be out of work. Many may also not receive the severance pay or pensions they thought they had coming. Maariv’s journalists union said they would strike beginning on Monday and stop the paper from publishing on Tuesday morning.
Shlomo Ben-Zvi, whose Hirsch Media firm publishes the right-leaning nationalist paper Makor Rishon, will buy the Maariv daily newspaper for NIS 40 million. The deal with Nochi Dankner’s IDB Holdings was finalized Thursday morning, and Ben Zvi will pay the sum in a number of payments over the next year.
On Thursday, IDB asked the Tel Aviv District Court for protection from its creditors, but Judge Varda Alshech asked for clarifications and has yet to rule. Maariv said it owes creditors some NIS 400 million.
For more, go to Haaretz.com
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you move on, I wanted to ask you to support the Forward’s award-winning journalism during our High Holiday Monthly Donor Drive.
If you’ve turned to the Forward in the past 12 months to better understand the world around you, we hope you will support us with a gift now. Your support has a direct impact, giving us the resources we need to report from Israel and around the U.S., across college campuses, and wherever there is news of importance to American Jews.
Make a monthly or one-time gift and support Jewish journalism throughout 5785. The first six months of your monthly gift will be matched for twice the investment in independent Jewish journalism.
— Rachel Fishman Feddersen, Publisher and CEO
