Romney backer Sheldon Adelson drawing fire over plight of Israeli newspapers
Source: Kansas City Star
TEL AVIV, Israel -- The economic crisis thats hit the newspaper industry in the United States and elsewhere is threatening some of Israels most influential publications and could soon leave the country with virtually no liberal-leaning printed newspapers.
Haaretz, Israels most prominent left-wing daily, didnt publish a print edition Thursday for the first time in three decades as layoffs threatened much of the staff. Maariv, one of the countrys largest newspapers, has announced that it might switch soon to Web-only distribution with a weekend print version; the alternative, the paper has said, is closing.
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Publishers say that competition with the Internet, as in the rest of the world, is one reason for their decline. But they say a far bigger influence has been the cost of competing with Israel Hayom, a free-distribution newspaper that American casino magnate Sheldon Adelson founded five years ago.
Adelson, whose personal fortune has been estimated at more than $20 billion, is a staunch supporter of Prime Minister Benjamin Netanyahu, leader of the right-wing Likud bloc. Hes poured millions into the paper, whose often-fawning articles about Netanyahu have earned it the sobriquet Bibi Press, a reference to the prime ministers nickname.
Read more: http://www.kansascity.com/2012/10/05/3849705/romney-backer-sheldon-adelson.html
Like the U.S., Adelson is subsidizing a right wing corporate media outlet to undercut more objective media outlets.
freshwest
(53,661 posts)After a while, the only thing guiding them will be the propaganda. It was also a classic bait ahd switch, giving the paper out for free to destroy the free market. Ironic.
SoapBox
(18,791 posts)Why don't you spend some of those billions to help out your freak'n STATE for a change.
oberliner
(58,724 posts)One of the finest learning facilities in the country, The Dr. Miriam and Sheldon G. Adelson Educational Campus is committed to providing students with an education that prepares them for life. Our comprehensive approach emphasizes educating each student to be academically stimulated, emotionally secure and physically healthy. We want to send students who possess confidence and a strong sense of self into the world. It is our vision that our students will become the moral and ethical citizens of tomorrow.
http://www.adelsoncampus.org/
For what that is worth.
Panasonic
(2,921 posts)You bet he is buying his way to heaven.
He's going to hell, and he'll be burning there for eternity.
CarmanK
(662 posts)How much would you pay to stay out of jail. If you are mogul ADELSON, it is millions in republican polity and around the world. I sure hope Obama wins a 2nd term. I would like to see Holder get this guy and Murdoch.
Panasonic
(2,921 posts)We need a Jennifer Granholm ready to tear down the Wall Street bankers and criminals like Adelson and leave the MMJ industry alone despite her anti-marijuana stance. Obama will NEED to find someone who's willing to work with the states (including Colorado) once they pass the legalization of cannabis.
The AG office can net the U.S. billions of seized funds from criminals like Adelson and Romney (after his indictment for tax evasion comes through) - and put it back in the U.S. Treasury.
BrainMann1
(460 posts)Watch your back Netanyahu.
Panasonic
(2,921 posts)and he will be cut off from his billions.
And sentenced to life in poverty.
winstars
(4,220 posts)At the gym today I saw on a TeeVee a Faux segment entitled: Is one party rule better for the economy? WTF! Yeah, its real good if your goal is a police state or something.