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New York Attorney to Invest in Davar?

August 9, 1994
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New York attorney Leon Charney met for four hours this week with staff members of the daily newspaper Davar to tell them of his interest in joining them in their planned buyout of the newspaper from its current owner, the Histadrut labor federation.

Charney has confirmed that he agreed to be a “strategic partner — on condition that a full audit is conducted into the paper’s financial situation.”

He said that he would invest in the newspaper and advise the workers, while the journalists would run and manage it.

Haim Ramon, the newly elected secretary-general of the Histadrut, announced shortly after his election that he thought the trade union federation should divest itself of the money-losing publication, which has steadily been losing readership in recent years.

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