News Briefs

  Cheshvan 24, 5773 , 09/11/12

Channel 10 Heads Leave Treasury; Agreement Due Soon

Progress in talks about dispersing Channel 10 Television's 65-million-shekel debt led to three senior officials of the station leaving the Finance Ministry Thursday evening, after they barricaded themselves inside for 40 hours. An agreement on the arrangements is expected to be signed early next week. Channel 10's Chairman of the Board, Avi Balashnikov said that American businessman Ron Lauder, who has a stake in the channel, promised an infusion of cash and that salaries would be paid in full. The franchise for the station stands to be extended three years.

Unresolved is an immediate payment of NIS 15 million for distribution fees associated with the "Idan Plus" converter which allows Israelis to receive the channel without hooking up to cable or satellite receivers. The station says regulations associated with "Idan Plus" must be approved first. A government representative is scheduled to meet, Sunday, with the franchise holders for Channel 2 Television to coordinate details that have implications on the television industry.

Other archived news briefs:Nov 09 2012, 10:35 AM, 11/9/2012