Monday, November 19, 2007

IBA gets another reprieve

The Israel Broadcasting Authority, which has been walking a financial tightrope for several years with repeated threats of closure spurred by growing deficits, has once again won a reprieve. An agreement was signed with the Treasury on Thursday night by Eran Horn, the IBA’s deputy director-general for finances. The agreement enables the transfer of interim funds needed to pay IBA salaries till the end of the year.

Now that the agreement has been signed, the Treasury will lodge a request with the Knesset Finance Committee for immediate transfer of funds.
(R Netherlands Media Network Weblog)

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