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May 31, 1996 - Image 73

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-05-31

Disclaimer: Computer generated plain text may have errors. Read more about this.

••



• •

Failed Merger
Closes Papers

Jerusalem (JTA) — Two Israeli
newspapers closed after at-
tempts to save them through a
merger failed.
Davar Rishon folded, saying
that it was unable to attract in-
vestors who would keep it in op-
eration.
The Histadrut labor federa-
tion founded the paper some 70
years ago as Davar to advance
the cause of Zionism.
Facing a suspension of opera-
tions last year, the paper re-
emerged in a new format under
the name Davar Rishon, with
veteran journalist Ron Ben-
Yishai serving as editor.
The paper announced its own
demise in a front-page column
by Mr. Ben-Yishai titled "We
Tried."
Davar Rishon had tried un-
successfully to merge with the
Israeli daily business newspaper
Telegraph, which closed after
sustaining losses of some $16
million during three years of op-
eration.
Observers attributed the Tele-
graph's closure to its failure to
draw enough advertisers, espe-
cially with the advent of com-
mercial television in Israel, as
well as the publication's inabili-
ty to carve out a niche in a mar-
ket already dominated by the
other Israeli business paper,
Globes.
The two papers decided to
close after negotiations with an
investor group broke down.
During the past three years,
two other newspapers closed:
Hadashot, a tabloid, and Al
Hamishmar, published by the
kibbutz movement.
Israel now has three major dai-
ly newspapers: Yediot Achronot,
Ma'ariv and Ha'aretz.

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Trade Office
Opens In Oman

Jerusalem (JTA) —A group of Is-
raeli officials departed for Oman
to prepare for the opening of Is-
rael's first trade office in a Persian
Gulf state.
Diplomatic sources in the
Omani capital of Muscat would
not say when a formal ceremo-
ny would be held to mark the
opening of the trade office.
Israel and Oman signed a
trade agreement in January and
also agreed on other steps aimed
at boosting cooperation.
While the agreements stopped
short of establishing diplomatic
relations. the Israeli official who
will head the trade mission in
Muscat said he hoped the new of-
fice would pave the way to the es-
tablishment of official ties with
Oman.

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