International publishing magnate Robert Maxwell has gained complete control of Ma’ariv, Israel’s second-largest circulation daily.
Maxwell, the paper’s chairman and publisher, originally bought a 50 percent interest in Ma’ariv in 1990. His share now stands at over 70 percent.
Dov Judkowsky, until now chairman and group editor at Ma’ariv, has been named the editor in chief.
Maxwell also has a large stake in Israel’s Russian-speaking market. In March, he launched a Russian-language weekly, Vremya, which is affiliated with Ma’ariv.
Ido Dissentchik, present editor in chief of Ma’ariv, said Tuesday he would vacate that position only after completion of the stock transfers.
Maxwell has said he will continue to invest in Israel, mainly in the publishing fields.
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