The slowing global economy has reached the Israeli print media. It appears that the Hebrew edition of Business Week, is to be suspended pending either an acquisition or bringing in a strategic partner.
According to Globes: "Sources inform ''Globes'' that Hirsch Media Ltd., owned by Shlomo Ben-Tzvi, has suspended publication of the Hebrew edition of "Businessweek", beginning with next Thursday's edition. Ben-Tzvi is also seeking to sell the franchise of the US weekly. Alternatively, he may go ahead with the launch with a partner.
Hirsch Media has published the Hebrew edition of "Businessweek" for just under a year, after signing a contract with the publisher of "Businessweek" for a Hebrew edition of the weekly 18 months ago."
It's a shame that this is happening as there are few well written Hebrew business magazines. Let's hope that a solution can be found to get this back in print.
Tuesday, December 9, 2008
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