Zionist casino mogul Sheldon Adelson rocks Israeli media

 

Jerusalem

The loss-making 60-year old Israeli daily Maariv plans to stop appearing as a weekday newspaper and convert to a digital-only edition unless a major new injection of investment can be found to sustain it in printed form. But its plight also likely to cast a fresh spotlight on the runaway success—at least in circulation terms—of its newest competitor, the right-wing free paper Israel Hayom, which is financially backed by US casino magnate, Sheldon Adelson.

While the paper is likely to continue printing a weekend edition for the foreseeable future, the planned move comes amid fears by journalists at the paper of significant possible layoffs.

Nir Hefetz, Maariv’s editor-in chief told Army Radio yesterday: "We've been looking at the digital direction for a number of months and it's all just a matter of timing. If we won't have any oxygen, we will be forced to make the move quickly."

Discount Investments, which has a 62 per cent holding in the paper and is part of the financially troubled IDB conglomerate has agreed to back a £2.3m bank loan, but one which is apparently conditional on a halt to weekday printing and other cost cutting measures.

Israel Hayom, which strongly supports Israeli Prime Minister Benjamin Netanyahu, is owned and funded by Mr Adelson, the American casino billionaire who is a major Republican Party benefactor, and opponent of a two state solution to the Israeli-Palestinian conflict. After supporting the unsuccessful GOP primary candidate Newt Gingrich, he indicated he could spend up to $100m on Mitt Romney’s presidential campaign.

While Israel Hayom also has paid delivery to homes it is handed out for free by seemingly ubiquitous newsboys across the country. It says that "reaching every citizen and every venue in Israel is one of the key tenets of the paper’s mission.2

The paper survived an unsuccessful attempt in 2009 by Knesset members to block majority newspaper ownership by foreigners. An unnamed Yedhiot Ahronot executive was recently quoted in the business daily Globes saying: "Adelson has simply brought ruin to the Israeli newspaper market, and the Israeli politicians who benefit from its flattering coverage have allowed this unprecedented phenomenon to occur."

While the paper has a range of established columnists and is highly professionally produced, it was criticised over its deletion of an insulting reference to Mr Netanyahu in its report of the letter left by Moshe Silman, who set fire to himself during a social protest in Tel Aviv in July.

Like other media, Israel Hayom provided readers with an illustration of the letter written by Mr Silman, who later died of his injuries. And it said that Mr Netanyahu and his finance minister Yuval Steinitz were among those Mr Silman blamed for his financial plight. But unlike other media it displayed an image which failed to include the letter’s two lines describing the two politicians as “scumbags”—or literally “stinking dead bodies.”

According to the latest authoritative survey by the market research organisation TGI Israel Hayom, which boasts a weekday distribution of 275,000 copies, has a 38.1 per cent share of that market, compared to its closest rival, Yedhiot Ahronot, with 36.1 per cent and Maariv with 11.1 per cent. The left-leaning daily Haaretz has a market share of 7.2 per cent.

Sport
Mourinho lost his temper as well as the match
sportLiverpool handed title boost as Sunderland smash manager’s 77-game home league run
Voices
Sweet tweet: Victoria Beckham’s selfie, taken on her 40th birthday on Thursday
voices... and her career-long attack on the absurd criteria by which we define our 'betters', by Ellen E Jones
Arts & Entertainment
Billie Jean King, who won the women’s Wimbledon title in 1967, when the first colour pictures were broadcast
tv
News
Snow has no plans to step back or reduce his workload
mediaIt's 25 years since Jon Snow first presented Channel 4 News, and his drive shows no sign of diminishing
VIDEO
Life & Style
food + drinkWhat’s not to like?
Voices
Clock off: France has had a 35‑hour working week since 1999
voicesThere's no truth to a law banning work emails after 6pm, but that didn’t stop media hysteria
Arts & Entertainment
Maisie Williams of Game of Thrones now
tvMajor roles that grow with their child actors are helping them to steal the show on TV
Life & Style
Lana Del Rey, Alexa Chung and Cara Delevingne each carry their signature bag
fashionMulberry's decision to go for the super-rich backfired dramatically
Arts & Entertainment
Kingdom Tower
architecture
Life & Style
Sampling wine in Turin
food + drink...and abstaining may be worse than drinking too much, says scientist
Arts & Entertainment
Game of Thrones writer George R.R. Martin has been working on the novels since the mid-Nineties
books
News
Easter a dangerous time for dogs
these are the new ones. Old ones are below them... news
News
Brand said he
people
Voices
Actor Zac Efron
voicesTopless men? It's as bad as Page 3, says Howard Jacobson
Sport
Roger Federer celebrates his victory over Novak Djokovic in the Monte Carlo Masters
sport
Arts & Entertainment
The monster rears its head as it roars into the sky
film
Voices
For the Love of God (2007) The diamond-encrusted skull that divided the art world failed to sell for
its $100m asking price. It was eventually bought by a consortium
which included the artist himself.
voicesYou can shove it, Mr Webb – I'll be having fun until the day I die, says Janet Street-Porter
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Have you tried new the Independent Digital Edition iPad app?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Apprentice IT Technician

£150.00 per week: QA Apprenticeships: This company is a company that specializ...

1st Line Technical Service Desk Analyst IT Apprentice

£153.75 per week: QA Apprenticeships: This company is an innovative outsourcin...

1st Line Helpdesk Engineer Apprentice

£150.00 per week: QA Apprenticeships: This company has been providing on site ...

Sales Associate Apprentice

£150.00 per week: QA Apprenticeships: We've been supplying best of breed peopl...

Day In a Page

How I brokered a peace deal with Robert Mugabe: Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC

How I brokered a peace deal with Robert Mugabe

Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC
Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'

British Muslims's Happy video attacked as 'sinful'

The four-minute clip by Honesty Policy has had more than 300,000 hits on YouTube
Church of England-raised Michael Williams describes the unexpected joys in learning about his family's Jewish faith

Michael Williams: Do as I do, not as I pray

Church of England-raised Williams describes the unexpected joys in learning about his family's Jewish faith
A History of the First World War in 100 moments: A visit to the Front Line by the Prime Minister's wife

A History of the First World War in 100 moments

A visit to the Front Line by the Prime Minister's wife
Comedian Jenny Collier: 'Sexism I experienced on stand-up circuit should be extinct'

Jenny Collier: 'Sexism on stand-up circuit should be extinct'

The comedian's appearance at a show on the eve of International Women's Day was cancelled because they had "too many women" on the bill
Cannes Film Festival: Ken Loach and Mike Leigh to fight it out for the Palme d'Or

Cannes Film Festival

Ken Loach and Mike Leigh to fight it out for the Palme d'Or
The concept album makes surprise top ten return with neolithic opus from Jethro Tull's Ian Anderson

The concept album makes surprise top ten return

Neolithic opus from Jethro Tull's Ian Anderson is unexpected success
Lichen is the surprise new ingredient on fine-dining menus, thanks to our love of Scandinavian and Indian cuisines

Lichen is surprise new ingredient on fine-dining menus

Emily Jupp discovers how it can give a unique, smoky flavour to our cooking
10 best baking books

10 best baking books

Planning a spot of baking this bank holiday weekend? From old favourites to new releases, here’s ten cookbooks for you
Jury still out on Manchester City boss Manuel Pellegrini

Jury still out on Pellegrini

Draw with Sunderland raises questions over Manchester City manager's ability to motivate and unify his players
Ben Stokes: 'Punching lockers isn't way forward'

Ben Stokes: 'Punching lockers isn't way forward'

The all-rounder has been hailed as future star after Ashes debut but incident in Caribbean added to doubts about discipline. Jon Culley meets a man looking to control his emotions
Mark Johnston: First £1 million jackpot spurs him on

Mark Johnston: First £1 million jackpot spurs him on

The most prize money ever at an All-Weather race day is up for grabs at Lingfield on Friday, and the record-breaking trainer tells Jon Freeman how times have changed
Ricky Gervais: 'People are waiting for me to fail. If you think it's awful, then just don't watch it'

Ricky Gervais: 'People are waiting for me to fail'

As the second series of his divisive sitcom 'Derek' hits screens, the comedian tells James Rampton why he'll never bow to the critics who habitually circle his work
Mad Men series 7, TV review: The suits are still sharp, but Don Draper has lost his edge

Mad Men returns for a final fling

The suits are still sharp, but Don Draper has lost his edge
Google finds a lift into space will never get off the ground as there is no material strong enough for a cable from Earth into orbit

Google finds a lift into space will never get off the ground

Technology giant’s scientists say there is no material strong enough for a cable from Earth into orbit