Cash-strapped Israeli Channel 10 to close down

Israeli commercial TV station, Channel 10, announced to cease broadcasting of the channel from December 31, after years of financial trouble looming over the broadcast station.

In December 2012, the cash-strapped television station was given a loan to cover its debts to the government, while requiring it to transfer its operations to Jerusalem within nine months. Over the past few years, the station has sunk into debt and failed to meet the criteria for its continued rights to broadcast.

Channel 10 began broadcasting in 2002 and became Israel’s second main commercial station. It is also available on US and European cable networks. The channel produces original drama, current affairs and entertainment programming.