Dori resigns from media group

Exec leaves company he founded

Yair Dori on Thursday resigned as executive vice chairman and executive director of external affairs at Dori Media Group, the company he founded and helped build into a leading international distributor of Argentine and Israeli telenovelas.

Dori, 61, becomes a non-executive vice chairman of the Tel Aviv-based company and a consultant under a two-year contract. DMG did not say if a replacement would be named.

A Buenos Aires native, Dori started in the business in the late 1980s importing Latin American telenovelas, series and entertainment to Europe, Israel and other territories. That led to the creation of DMG in 1996.

His departure comes as DMG, which is run by CEO-prexy Nadav Palti, expands sales and production.

Over the past three years, it has opened distribution divisions in Buenos Aires, Manila, Miami, Tel Aviv and Zurich, and bought studios in Argentina and Israel in a drive to step up its 600-800 hours a year of production to 800-1,000 hours in 2008.

This year it landed its first format sale to the U.S., selling Argentinean womanizer comedy “Lalola” to Sony Pictures Television following sales to more than 40 territories. Other big sellers have been school rock band novela “Rebelde Way” (The Rebels) and sitcom “Amor mio” (Loony Love).

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