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P. M. BRIEFING : English-Language Israeli Paper Folds

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<i> From Times wire services </i>

The English-language Israeli daily the Nation ceased publication today, seven months after it was launched to challenge the 56-year-old Jerusalem Post for an estimated 100,000 native English speakers.

Editor and Managing Director Hesh Kestin wrote in a front-page article that directors had run out of money for the nonpartisan tabloid.

He said the directors would reorganize and try to refinance the Nation, which has suffered high employee turnover since its September launch.

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