When Meir Sheetrit says a libel law protects "citizens" he means the wealthy, industrialists and corporate executives. Example: a company illegally dumps toxic waste. If no government inspector verifies and reports (perhaps because the same company ensures they do not) then the only way this is brought to light is via a news reporter (whose company is also part of a conglomerate), or, as happens these days, a private citizen reports it via the internet. That citizen gets sued for 300,000-1,500,000 NIS, whether he is right or wrong, and the company goes unpunished. Who is this good for? Not you and me, that's for sure.
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Bahrain says ready to commit ground forces to Syria (Reuters)
from the article: Free press in Israel is in danger