Al Jazeera Acquires Current TV

Expert

Al Jazeera Acquires Current TV

Very interesting:

 

Al Jazeera has struck a deal to purchase Current TV and launch a new U.S.-based news channel.

 

"For many years, we understood that we could make a positive contribution to the news and information available in and about the United States and what we are announcing today will help us achieve that goal," said Al Jazeera director general Ahmed bin Jassim Al Thani. "By acquiring Current TV, Al Jazeera will significantly expand our existing distribution footprint in the U.S., as well as increase our newsgathering and reporting efforts in America."

 

"We are proud and pleased that Al Jazeera, the award-winning international news organization, has bought Current TV," said Al Gore, co-founder and chairman, and Joel Hyatt, co-founder and CEO.

 
Current TV had a distribution footprint of 58 million households, but following news of the acquisition, Time Warner Cable said it would drop the network. TWC has positioned Current on digital basic, making it available to some 9 million homes. 
 

"Our agreement with Current has been terminated and we will no longer be carrying the service," a TWC spokeswoman said. "We are removing the service as quickly as possible."

 
When a cable network is sold or changes its programming direction, distributors can revisit their deals. Other providers that carry the low-rated Current could follow suit. SNL Kagan estimates Current TV’s monthly subscriber fee at 12 cents.
 

The sale, which was first reported Wednesday in the New York Times, will see Al Jazeera rebrand the network as a domestic and international news channel for American audiences in 2013, replacing Current's schedule of political shows after a transition period. The new network will be based in New York, with Al Jazeera looking to open new bureaus to supplement its existing news bureaus in New York, Washington, D.C., Los Angeles, Miami and Chicago. The company expects to its current U.S. based staff to 300 employees.

 

An acquisition of the low-rated Current TV was expected, with the network acknowledging it was considering a sale in October, saying then, "Current has been approached many times by media companies interested in acquiring our company. This year alone, we have had three inquiries. As a consequence, we thought it might be useful to engage expertise to help us evaluate our strategic options."

 

Given TWC's quick decision ,the sale could make Al Jazeera's new network available to around 50 million U.S. subscribers. Its Al Jazeera English channel is currently only available on cable and satellite in select cities, including New York and Washington, D.C., despite Al Jazeera lobbying for greater carriage after the Arab Spring in 2011.

 

Founded in 2005, Current TV was rebranded as a political news channel in 2011 with the hire of Keith Olbermann, but his show failed to generate big ratings and he was fired from the network last spring. Subsequent shows hosted by Jennifer Granholm, Cenk Uygur and others have also failed to break out, with Current drawing about 42,000 viewers on an average night in 2012, according to Nielsen.

 

http://multichannel.com/distribution/al-jazeera-acquires-current-tv/140981

Message 1 of 62 (8,269 Views)
Tutor

Current Tv

  • Is ATT U-verse going to drop Current TV, since Al-Jazeera a terrorist support group has bought Current TV from Al Gore. Time Warner has already announce it would be dropping Current TV.  I hope ATT  follows Time Warner example and drop this terrorist supported channel and it terrorist propaganda.
Message 2 of 62 (7,687 Views)
Mentor

Re: Current Tv

I hope they don't drop it. I would like peek inside a different view of the world.  I want more news options and view points not less.

Fox in my opinion is mostly opinion and entertainment and rarely issues a retraction of mis-information. If there was any disinformation channel it that should be dumped its fox. However, I do not wish that. For even fox provides a way to see into the minds others and see another point of view, even if that view is flawed.

 

Al Jazerra is another source of view and information. I would hope AT&T would not be dumb as rocks to do the same thing as Time Warner. I would like to see BBC and german channel DW. For what we pay for cable. I would hope we have more options not less.

 

 

Message 3 of 62 (7,625 Views)

Re: Current Tv

I don't think AT&T should carry Current. But if they do then it should be moved off of the 350/450 line up and made optional. I don't want that channel as part of what I pay for as I don't feel my money should support terrorism against my country and it could have a bearing on whether or not I stay with AT&T or go to TWC.

Message 4 of 62 (7,562 Views)
Tutor

How will you handle Current TV / Al Jazeera change?

Are you planning on carrying Al Jazeera TV?  Journalistic integrity of this organization is spotty at best.  Will you follow Time Warner's lead in dropping it?

Message 5 of 62 (7,547 Views)
Tutor

Re: Al Jazeera Acquires Current TV

I appreciate a wide variety of news options.  Al Jazeera is an award winning organization that, up until now, I have only been able to access via itunes.  Upon hearing that they acquired Current, I just upgraded my tier to include that station.  I was surprised to hear that Comcast is dropping the channel.  Al Jazeera is an internationally highly regarded news source.  It is surprising that they are not yet available in a nation that prides itself on free speech.  I hope U-Verse continues to provide more programming options to its customers than its competitors.

Message 6 of 62 (7,520 Views)
Expert

Re: How will you handle Current TV / Al Jazeera change?


gajaw999 wrote:

 

Are you planning on carrying Al Jazeera TV?  Journalistic integrity of this organization is spotty at best.  Will you follow Time Warner's lead in dropping it?


Al Jazeera TV is not replacling Current TV.  A new channel is being created called Al Jazeera America. Please re-read the article.

Message 7 of 62 (7,494 Views)
Expert

Re: Al Jazeera Acquires Current TV


alida wrote:

 

I appreciate a wide variety of news options.  Al Jazeera is an award winning organization that, up until now, I have only been able to access via itunes.  Upon hearing that they acquired Current, I just upgraded my tier to include that station.  I was surprised to hear that Comcast is dropping the channel.  Al Jazeera is an internationally highly regarded news source.  It is surprising that they are not yet available in a nation that prides itself on free speech.  I hope U-Verse continues to provide more programming options to its customers than its competitors.


Time Warner, not Comcast, dropped Current TV.

Message 8 of 62 (7,494 Views)
Contributor

Programming

Does U-Verse carry the Current TV channel?

Message 9 of 62 (7,495 Views)
Expert

Re: Al Jazeera Acquires Current TV

[ Edited ]

Jimmy-C wrote:

 

Does U-Verse carry the Current TV channel?


Yes, channel 189.

Message 10 of 62 (7,496 Views)

Re: Current Tv

It isn't a terrorist support group, just like Fox is NOT a terrorist support group.
Message 11 of 62 (7,406 Views)
Highlighted

Re: Current Tv

It is not a terrorist support group, it is an award winning news organization, decidedly not Fox news, which does support a terrorist organization, the Republican Party. What TWC did was totally without merit and I am hoping ATT would not go down the same path.

 

Hopefully we Americans can get other views of our politics and news stories from a perspective outside of the US, not like MSNBC and FOX which are right and left biased.

 

Too bad they did not buy CNN and bring back an unbiased view of news and not the sound bites and  sensationalism of all US news stations.

Message 12 of 62 (7,403 Views)
Tutor

Re: Current Tv

I agree 100%. If AT&T keeps Al-Jazeera I will cancel my Uverse. They have already proven they hate America and they lie on a regular basis. Shame on Al Gore. He is no longer a patriot.
Message 13 of 62 (7,321 Views)
Mentor

Re: Current Tv

Couldn't put it better myself. I wish someday uverse could get some more bbc content too. Like BBC worldnews. It is the 21st century and i find the selection amazingly dull sometimes. I think for decent price we should be able to watch bbc and canada. but no its all rights encumbered. I hope bbc launches an international iplayer sometime soon too. oh boy
Message 14 of 62 (7,205 Views)
Expert

Re: Current Tv

It's not the job of the TV distributor to judge or otherwise censor the channels it carries. AT&T should carry everything they can, and then the viewership will decide what survives in the marketplace.

If you want to make the biggest point you can against terrorism, hate, and fascism, then there is no better way to do it than to defeat it with capitalism in the marketplace.
Message 15 of 62 (7,191 Views)
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