A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Haaretz

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: The ‘Cut and Paste’ of Article 82 of the EC Treaty in Israel: Conditions for a Successful Transplant

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.