Jerusalem Post Offers $1.15 Million for Maariv

The Jerusalem Post's publisher is offering to buy the bankrupt daily on the condition that he can fire and rehire the staff.

Alon Ron

The publisher of the Jerusalem Post offered to pay 4 million shekels ($1.15 million) for Maariv, the bankrupt daily's court-appointed trustee said on Tuesday.

Chen Berdichev asked the Tel Aviv District Court to authorize Maariv's sale to Eli Azur, who owns a controlling interest in the English-language daily Jerusalem Post among other newspapers. He said Azur conditioned his offer on the court allowing him to fire Maariv's staff members and rehire them as Jerusalem Post employees, with the same salaries for at least a year but without tenure.

Berdichev said Azur was the only person to respond to an email seeking bids for Maariv, which was once Israel’s largest newspaper by circulation. The court will consider the request on Sunday.

Maariv is the last remaining asset of Shmuel Ben-Zvi’s publishing group, after the court last week approved the sale of his Makor Rishon weekly and Maariv’s NRG website to American billionaire Sheldon Adelson’s Israel Hayom daily.