The newspaper Yisrael Hayom, owned by Sheldon and Miram Adelson, delivered a proposal to purchase the printing facilities owned by the Israeli daily Maariv. On Tuesday, Yisrael Hayom completed the lengthy procedure of submitting a bid to purchase the printing facility, which included a financial guarantee of 10% of the purchase price.
Over the last few months, Yisrael Hayom, which is currently printed primarily at Haaretz printing facilities, has been engaged in talks over purchasing Maariv’s printing presses, which are owned by Nochi Dankner, through the IDB Holding Corporation, as well as in talks to purchase Haaretz’s printing facilities as well.
Sources close to Yisrael Hayom pointed out that the paper made an attractive offer, with the intent of transferring its printing operations to the Maariv facility.
Aside from Yisrael Hayom, there are three main contenders vying to purchase all of Maariv’s interests. They include Shlomo Ben Zvi, the publisher of “Makor Rishon,” Eli Azur, owner of the “Jerusalem Post,” and Hadar Goldman, former publicist. Businessman Yitzhak Ben-Hamo, who owns media and real estate interests, also tendered an offer.
Maariv’s journalists committee updated all of the newspaper’s employees on Wednesday, informing them that negotiations with potential buyers over propositions for the employees had begun, so that the committee can make its suggestion to the courts. The committee stated “it is important to state again that the central objective of these meetings is to achieve the best rights and conditions for the largest possible number of works.” Offers received and recommendations from the ownership are meant to be submitted to the courts on Sunday, and the hearings to determine the future of the newspaper will take place on Tuesday.
The committee also informed employees that a meeting was held with the former owner of Maariv, Ofer Nimrodi, who expressed intent to help cover the newspaper’s debts, based on his percentage of the company’s holdings.
Maariv’s financial situation has been going downhill for many years, and accumulated losses on its balance sheet have now reached NIS 1 billion.