Channel 2 franchisees, Reshet and Keshet, as well as the new Channel 10, have in recent weeks informed production companies that they are freezing the dollar exchange rate at NIS 4.3, while satellite TV company YES has frozen the dollar at NIS 4.25, Ma'ariv reports.

The cable companies are still paying for content and services according to the rate of exchange of the dollar on the 10th of the preceding month.

The production companies claim that that this policy is harmful to them, the paper says.

Ma'ariv adds that in its response YES said that unlike overseas providers, Israeli providers work in a shekel environment, and there is no justification for indexing payments to the dollar.

If you liked this article you might like

Nessuah Zannex: Rating cut's main damage is to banks' images to foreigners

Nessuah Zannex: Rating cut's main damage is to banks' images to foreigners

Yes recruitment rate down to 6,000 a month

Yes recruitment rate down to 6,000 a month

Cadence to invest in Israeli startups

Cadence to invest in Israeli startups

Court grants Mentergy 40-day stay of proceedings

Court grants Mentergy 40-day stay of proceedings

Leader & Co sees Discount shifting to profit in Q3

Leader & Co sees Discount shifting to profit in Q3