Jerusalem District Court Judge David Mintz on Sunday approved the sale of the Makor Rishon newspaper and the NRG website to the Israel Hayom company.
Makor Rishon was sold for 14 million shekels ($4 million dollars) and NRG was sold for NIS 3 million ($860,000).
As part of the terms of the sale, Israel Hayom agreed to employ 114 of 120 of Makor Rishon's managerial and journalistic staff for at least a year. Israel Hayom also agreed to employ 90 percent of Makor Rishon's freelancers and all 220 of its distribution workers.
Israel Hayom has also pledged to employ five of NRG's 17 workers for at least a year.
The sale will be reviewed by the Antitrust Authority, which must approve it.