Israel's Channel 10 Again on Verge of Bankruptcy

The channel's biggest shareholder, U.S. businessman and Jewish activist Ronald Lauder, has agreed to inject NIS 80 million into the ailing operation on condition that steps would be taken to reach breakeven.

Channel 10 television's cash flow crisis has grown so severe in recent days that its executives have approached the big media-buying agencies asking them to pay in advance in cash for air time they can use later.