Communications Minister Gilad Erdan announced Sunday that he approved the formation of two new television news channels, one for satellite broadcaster YES and the other for cable company HOT.
If approved in the Knesset’s Finance Committee, the new channels will start broadcasting in 2014 and bring the total number of television channels providing national news to five, the new ones as well as the existing broadcasts on channels 1, 2, and 10.
“HOT and YES are interested, so why not bring new blood and new jobs into the television news market,” Erdan said.
The two companies are reportedly ready to start airing and have invested millions of shekels in establishing their news operations.
According to Hebrew daily Israel Hayom, the companies may be required to broadcast their news programs from Jerusalem.
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