Media matters

Israel’s Channel 10 Television outfit has had its end predicted dead on more than one occasion, burdened by high debt and costs, and labelled as a resolute foe of Bibi. But, despite the predictions, it has lasted. Until now.

It needs money. It needs a new owner. The ostensible public ownership it presently has, is administered by the government in – by some – in a cack-handed fashion.

The last dirty deed by the government was to set the price for the sale of Channel 10. And, so far as I can tell, the assessment of debt (and so, the price) as fixed by the relevant ministry, was NIS 5 million. This would clear the accounts.

Then, in one of the last acts of the previous administration, Bibi stepped in and set the price at NIS 16.8 million.

At this point, you take sides. Either Bibi is trying to kill off Channel 10 by frightening away buyers, or Bibi better understands the price (and so the value) of such media, thus enriching the public purse.

The state of affairs has now generated some legal activity, as reported on here by Globes.

This close to the action, I doubt the picture (ahem) will be clear unless Moshe Kahlon indeed steps in and sorts things out. For sure he would not hesitate to change the price if he felt it were wrong – if he can be persuaded to intervene. He may feel he already has enough on his hands.However, there’s little doubt, Bibi could care less if Channel 10 goes away.

On the whole, a murky affair.