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 (8,282 Views)
Expert

Re: Al Jazeera Acquires Current TV

Probably. Current TV averages an abysmal 42,000 viewers during prime time.

Message 31 of 62 (3,137 Views)
ACE - Professor

Re: Al jazeera? Really?


antman_2 wrote:

Not that I watched current t.v. but how the heck can the f.c.c. allow foreign ownership of a network? Especiallly al jazeera!!!!


I'll turn that around and say that the FCC has no power or regulation over a dedicated cable channel.  The FCC only has authority over broadcast signals and what is transmitted on them.

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Message 32 of 62 (3,072 Views)
Scholar

Re: Al jazeera? Really?


antman_2 wrote:

Not that I watched current t.v. but how the heck can the f.c.c. allow foreign ownership of a network? Especiallly al jazeera!!!!


For all those complaining about Al-Jazeera's ties, you might be interested to know that the second largest shareholder in News Corp., the parent company of Fox News, is Saudi Prince Alaweed bin Talal.

 

Quite frankly this is the least of my problems with Fox News, but seriously people, grow up.  We live in a globalized world. Every major company has global ties.  That so many people here seem to think Al-Jazeera supports terrorists is a pretty good sign that Americans aren't being well served by our current news networks, which are a disappointing mix of infotainment, hype, half-baked ideologies, and idiotic pundits more interested in spewing talking points than giving people the knowledge they need to be informed citizens.

Message 33 of 62 (3,032 Views)

Re: Al Jazeera Acquires Current TV

There really no point Current TV to continue since in the age of Youtube. 

Message 34 of 62 (2,951 Views)
Teacher

Re: Current Tv

I'm a 65 year old female who was born in Alabama and has lived in Georgia for many years.  I'm as American as apple pie and I love the United States will all my heart.  I have become discontent with most US television news over the years because each channel seems to be owned and operated by some extreme group pushing their own agenda.  For over two years I have been comparing US news casters to news casters from other parts of the world and I have to say that Al Jazeera presents the most "unbiased" news of any news group I know of these days.

 

So many of the comments on this page have absolutely nothing to do with facts.  I challenge any of the nasayers here to actually listen to or read news on the English Al jazeera website for one week and see if you don't agree they are doing good work reporting news the way we used to get it in the US, before special interest groups started buying stations.

 

 

Message 35 of 62 (2,646 Views)
ACE - Master

Re: Current Tv

[ Edited ]

Thank you westgalady for such an intelligent, articulate comment.  I haven't watched Al Jazerra TV but I appreciate your openmindedness. 

 

I sometimes think us 'old folks' (no offense...I'm over 60) have a more tolerant spirit than those younger than us.  Smiley Wink

 

Edit:  I read that Current TV will change to Al Jazeera America on Aug. 20th. 

 

Al Jazeera America launches in August

 

Let the feces hit the oscillator.

*The views and opinions expressed on this forum are purely my own. Any product claim, statistic, quote, or other representation about a product or service should be verified with the manufacturer, provider, or party.
Message 36 of 62 (2,642 Views)
ACE - Professor

Re: Al jazeera? Really?


americangame wrote:

antman_2 wrote:

Not that I watched current t.v. but how the heck can the f.c.c. allow foreign ownership of a network? Especiallly al jazeera!!!!


I'll turn that around and say that the FCC has no power or regulation over a dedicated cable channel.  The FCC only has authority over broadcast signals and what is transmitted on them.


 

 

We have this post about the FCC not allowing international ownership and we have a huge thread about BBCHD.

 

popcorn.gif

*The views and opinions expressed on this forum are purely my own. Any product claim, statistic, quote, or other representation about a product or service should be verified with the manufacturer, provider, or party.
Message 37 of 62 (2,587 Views)
Tutor

Re: Current Tv

Do you know if Uverse will have AlJazeera? If so, what channel is it? I can't find it. Current I think was 1189?

Message 38 of 62 (2,296 Views)
ACE - Master

Re: Current Tv


airren wrote:

Do you know if Uverse will have AlJazeera? If so, what channel is it? I can't find it. Current I think was 1189?


It's scheduled to launch later today (Tues. 8/20) on channel 189.

*The views and opinions expressed on this forum are purely my own. Any product claim, statistic, quote, or other representation about a product or service should be verified with the manufacturer, provider, or party.
Message 39 of 62 (2,284 Views)
Contributor

Re: Al Jazeera Acquires Current TV

When will you start to carry The Blaze TV? That is a American company. Why would you carry Al Jazeera and not carry The Blaze?

Message 40 of 62 (2,264 Views)
Contributor

Re: Current Tv

Ok, slight difference between the 2. I don't remember Fox playing exclusive Osama Bin Laden tapes. What about MSNBC, NBC, ABC, CBS?
Message 41 of 62 (2,271 Views)
Highlighted
Contributor

Re: Current Tv

Out of your mind. Unbiased? LOL
Message 42 of 62 (2,269 Views)
Expert

Re: Al Jazeera Acquires Current TV

U-verse is posting on it's Facebook page, that Al Jazeera America will not be carried due to a contract dispute.
Message 43 of 62 (2,262 Views)
Community Manager

Re: Al Jazeera Acquires Current TV

We dropped the Current TV channel, and will not carry Al Jazeera America, on U-verse due to contract disputes. We could not reach an agreement with the owner that we believe provided value for our customers and our business.


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Message 44 of 62 (2,224 Views)
Tutor

Re: Al Jazeera Acquires Current TV

Thanks for the official response. Too bad - I was looking forward to watching this channel.

Message 45 of 62 (2,202 Views)
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