TV companies freeze dollar at NIS 4.3

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.

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