The Hebrew Haaretz and financial The Marker will be firing dozens of employees, Globes financial reports. The newspaper is going to release 32 employees the report states, but it does not give a number for The Marker.
While the layoffs are expected in a number of rounds, the likely response will be employee sanctions.
Since the arrival of the daily Yisrael HaYom owned by Sheldon Adelson, which is distributed free of charge nationwide, the secular Israeli dailies have been hit hard.
Maariv is planning to halt its print edition and continue with an electronic edition only and Yediot Achronot, the former largest newspaper in the country is also laying off many workers as Yisrael HaYom has taken the lead as the major daily newspaper in Israel, earning money from ads rather than by selling the newspaper.
(YWN – Israel Desk, Jerusalem)
Good bye. Good riddance. May this be the beginning of the end of Haaretz, Maariv, YNet, and all the other anti-semitic rags.
halevay they should all go out of business, both print and online
they’re all treif treif treif
May they all end soon.
Good Riddance! such hateful papers!!
The business model of these smaller papers is broken. The same thing is happening to traditional paper copy newspapers throughout the U.S. It has very little to do with the editorial philosophy and more to do with their failure to evolve into electronic media.