Al-Jazeera to buy Current TV
Al-Jazeera, the Pan-Arab news channel that has struggled to win space on American cable television, has acquired Current TV.
Current cofounders Al Gore and Joel Hyatt announced the sale in a statement.
They say Current was built with goals that are compatible with Al-Jazeera's, including giving "voice to those who are not typically heard," providing independent and diverse points of view; and telling "the stories that no one else is telling."
The acquisition extends Al-Jazeera's reach beyond a few large U.S. metropolitan areas, where some people can watch Al-Jazeera English, to about 40 million homes.
Al-Jazeera is owned by the government of Qatar. It plans to gradually transform Current into a network called Al-Jazeera America by adding five to 10 new U.S. bureaus beyond the five it has now and hiring more journalists. More than half of the content will be U.S. news.
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