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Israeli Paper Folds After Six Months

April 4, 1989
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The Nation, an English-language newspaper established six months ago to compete with the veteran Jerusalem Post, ceased publication Monday, with its 124th issue.

For the first few weeks the paper appeared as a weekly, going over to daily publication some four months ago.

Hesh Kestin, editor and managing director of the paper, said he was certain publication would resume some time in the future. And Steven Leibovitz, the paper’s business manager, stressed that the publishing company continues to exist.

He explained that investors had decided to cut their losses, due in part to bad management and a big turnover in management employees.

“All the English-language press in Israel is in difficulties,” said Leibovitz. “The Jerusalem Post is also up for sale.”

A large bloc of Post shares is held by Histadrut’s Koor industrial complex, which is reportedly planning to sell them as part of the conglomerate’s retrenchment and reorganization program.

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