Dori Extends Israeli Carriage Agreements

TEL-AVIV: Dori Media Group’s subsidiary Dori Media Spike (DMS) has signed a three-year extension of its agreement with Israeli cable platform HOT, while also selling a new series channel to YES.

HOT will continue to carry the general-entertainment channels for another three years, from January 1, 2011 until 2014. The transaction includes a new channel for YES as well. The extended partnership with HOT and new channel for YES is expected to secure revenues between $14 million and $17 million over the next three years. Combined with the recently announced movie channel agreement with HOT, this amounts to total revenues of between $59 million and $65 million over three years.

Nadav Palti, the president and CEO of Dori Media Group, commented: “We are delighted to announce the continuation of our productive relationships with HOT and YES, the leading TV platforms in Israel."