Channel 10 (Israel)

Channel 10 (Israel)

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Channel 10 (Israel)

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Description:
Channel 10 (, Arutz Eser), formerly known as Israel 10 (, Yisrael Eser) is a commercial broadcasting television channel licensed in Israel. It operates under the auspices of the Second Israeli Broadcasting Authority (SBA).

History

Channel 10 began broadcasting on January 28, 2002. The channel offers original drama series, entertainment shows, news shows, lifestyle programs and foreign programs. The channel also operates its own news company.

Financial crisis

In November 2008, when Channel 10 found itself in severe financial straits, the SBA gave its present owners until March 1, 2009 to refinance its debt. However, in January 2009 the Knesset's Economic Affairs Committee overturned this decision. The decision meant that Channel 10's shareholders, Yossi Maiman, Ron Lauder and Arnon Milchan, would be replaced as the channel's operators in February 2010. The regular broadcast schedules were to remain in place until they are replaced by the new franchisee.

By July 2009, Channel 10 had cost its shareholders have NIS 1.3 billion. It also owed about NIS 103 million more for content, license fees and royalties. The shareholders stated they would not pay the debt. Maiman announced that he and the other partners had no intention of paying any more of the...
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