Israel Today buys buys Ma’ariv print house

138708237191194458a_t_engIsraeli leading free daily newspaper Israel Today has acquired its own pinting house with taking over the former printing plant of the Ma’ariv newspaper.

According to Israeli business news website Globes, this move could be fatal for Israeli paid daily Haaretz, that was printing Israel Today until now, for “tens of millions of shekels annually”.

The freesheet, which is also believed to have bought the land from Amos Maiman, also plans to move its editorial and management offices to Bat Yam.
The acquisition is reportedly being made for NIS 80 million.
The move is a mortal blow to “Haaretz” which until now had printed Sheldon Adelson’s newspaper for tens of millions of shekels annually.
Maiman acquired the printing house from the “Ma’ariv” trustees for NIS 65 million.

The printing plant was owned by Amos Maiman, who paid NIS 65 million. The acquisition of Israel Today is reportedly being made for NIS 80 million (€16.6 million).

One Response to “Israel Today buys buys Ma’ariv print house”

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