NETANYA, Israel -- Matav-Cable Systems Media Ltd. (NASDAQ: MATV; TASE: MATV) announced today that Mr. Ram Belinkov, the CEO of the merged operations of Matav and the other two Israeli cable companies (operating under the brand name "Hot"), has decided to leave his position. He is expected to remain in his position until a replacement is found.

Mr. Srebernik, Matav's Chairman of the Board and CEO, commented "On behalf of Matav, I want to take this opportunity to thank Ram Belinkov for his remarkable contribution to Hot, the merged operations of the cable companies. Ram's dedication, talent, professionalism and vision enabled him to lead Hot through turbulent times. I wish him luck in all his future endeavors."

Matav-Cable Systems Media (Nasdaq: MATV)