Len Injects Cash Into Reshet 13 to Allow Salary Payment

Len Blavatnik, the controlling shareholder at Reshet 13, is temporarily rescuing the channel and injecting it with cash intended to pay salaries. According to sources in the industry, the injection is in the amount of NIS 30 million and represents nothing more than an “emergency response” rather than a strategic investment that may guarantee the future of the channel in the long term.