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Eliezer Fishman ordered to sell shares in Yedioth to remedy cross-ownership of Globes and Calcalist

By  |  May 11, 2012

Israel’s antitrust tribunal ordered Eliezer Fishman to sell some of his shares in the Yedioth Ahronoth media group in 2011. Yedioth publishes the Yedioth Ahronoth daily newspaper and Calcalist, a business newspaper. Fishman owns a 34 percent stake in Yedioth, but he also owns two-thirds of Globes. Judge Nava Ben-Or found that the cross-ownership of Globes and Calcalist would create a monopoly in business papers. The business newspaper market has only three players: Globes, Calcalist, and TheMarker. Fishman is to sell 9 percent of Yedioth, bringing his stake down to 15 percent.

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