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Friday October 24, 2014

#Al-Jazeera buys #CurrentTV for NY- based Int’l Channel

Logo of the network

(Photo credit: Wikipedia)

Al-Jazeera acquired Current TV, according to The Wall Street Journal. The deal gives the Pan-Arab news channel access to nearly 40 million U.S. homes. Co-founder Al Gore confirmed the sale on Wednesday. In a statement, he said that Al-Jazeera shares NY-based Current TV’s mission “to give voice to those who are not typically heard; to speak truth to power; to provide independent and diverse points of view; and to tell the stories that no one else is telling.”

Al Jazeera spokesperson Stan Collender said that they plan to transform it into a network called Al-Jazeera America. They expect to hire more journalists and add five to 10 more U.S. bureaus.

Time Warner Cable Inc. announced it would drop Current TV due to the deal. In a statement, the company said, “Our agreement with Current has been terminated and we will no longer be carrying the service. We are removing the service as quickly as possible.”

The Wall Street Journal