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Nathan Jeffay

By

Nathan Jeffay,

Nathan Jeffay

Analysis

Upheavals in Israeli media

October 19, 2012 10:00
2 min read

The Israeli newspaper industry is in a state of flux, with half of the mainstream nationals in severe economic crisis.

At the once-mighty Ma’ariv, things have got so bad that readership of the daily edition has halved in the past decade, the operation is for sale, and job losses are inevitable. Furthermore, there is reportedly too little money to pay severance.

If no bid for Ma’ariv proves realistic, it will close. Otherwise it will be sold and probably kept running as a low-budget and perhaps web-only shadow of its former self. It could also be flogged as scrap to different buyers, one of which is interested in its subscriber base, another in its printing press.

At the broadsheet Haaretz, economic woes mean that closure is a distinct possibility and widespread job losses seem certain. Employees are furious and, earlier this month, for the first time in decades, the newspaper did not print because the staff was on strike.

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