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January 4, 2013       Share:    

Source: http://www.washingtonpost.com/entertainment/tv/al-jazeera-buys-current-tv-from-al-gore-in-bid-to-gain-stronger-foothold-in-us-tv-market/2013/01/02/0eb61c66-5548-11e2-89de-76c1c54b1418_story.html

Al-Jazeera Buys U.S. Cable Channel

(AP-Washington Post) While the pan-Arab news network Al-Jazeera doesn't have a significant presence in the U.S., that is about to change as Al-Jazeera is spending $500 million to acquire Current TV, the cable news network co-founded by former Vice President Al Gore. The deal gives Al-Jazeera access to about 50 million U.S. homes. Al-Jazeera, which is owned by the government of Qatar, gave voice to Osama Bin Laden in the years following the 9/11 terrorist attacks. The network will be rebranded Al-Jazeera America in 90 days. Time Warner Cable Inc., the nation's second-largest TV operator, said it will drop Current TV.

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