An Israeli producer is in advanced negotiations with Bloomberg for establishing a business news television channel in Israel, reports Nati Tucker of Haaretz.
Tucker reports, “The channel would be recognized as a commercial ‘micro channel’ and will run with ads. The owner of the daily Maariv newspaper, Eli Azur, might enter the deal as a partner.
“Slutzky says the decision has still not been finalized and it depends on Bloomberg’s representatives abroad. At this stage, Slutzky is working to find candidates for a CEO who would establish and run the channel.
“Slutzky also owns Israel’s Channel 8, the Entertainment Channel on HOT and the children’s channels.
“There have been several attempts in the past to found a business channel in Israel, but the only model that enabled this was a satellite cable channel that subscribers would pay for, but that model was found to not be financially sustainable.”
Read more here.
