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Israel's Hot Telecom cuts CNN from cable TV

Business Materials 4 November 2007 14:36 (UTC +04:00)

Israel's Hot Telecommunications Systems Ltd said on Sunday it had cut the CNN cable television news network from its cable TV programming.

Hot, one of Israel's two main TV operators, said it cut CNN from its programming after it failed to reach a new agreement with the global television news network owned by the world's largest media company, Time Warner Inc.

Hot said it did not intend to replace CNN with any other news network as its assortment of news channels already includes Fox News Network, the BBC, and Sky News.

CNN is still available on YES, the digital satellite television operator controlled by Bezeq Israel Telecom.

Hot's shares were up 1.5 percent in morning trade in Tel Aviv compared with minor losses in the broader bourse. ( Reuters )

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