PressTV is sourced out of Iran - totally unreliable source...
Link to latest status out of Israel:
http://www.ynetnews.com/articles/0,7340,L-3685987,00.html
http://www.ynetnews.com/articles/0,7340,L-3686582,00.html
Sources involved in political talks tell Ynet secret mediator examining possibility of forming coalition which would include Likud, Kadima and Labor. According to sources, President Peres aware of negotiations. On the agenda: Uneven rotation in role of PM between Netanyahu, Livni
Another good source directly out of Israel
http://www.jpost.com/servlet/Satellite?cid=1237114828533&pagename=JPost%2FJPArticle%2FShowFull