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Post Owners Consolidate Their Hold

January 10, 1990
See Original Daily Bulletin From This Date

The Canada-based Hollinger newspaper chain consolidated its ownership of The Jerusalem Post on Monday by buying the minority interest held by Bank Hapoalim.

Hollinger, which in April bought a controlling interest in the newspaper from the Histadrut-owned Koor Industries, will pay the bank $4.3 million in two installments this year for its 42.5 percent share in The Palestine Post Ltd., The Jerusalem Post’s parent company.

Hollinger owns about 200 newspapers and periodicals in Canada and Britain. It now holds 98 percent of Israel’s only English-language daily.

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