|
Entertainment/Art/TV/Movies/Gossip on Stars & News Read all about New Movies/Consoles/Games/PCs Coming out and Art & All The General Entertainment News & Gossip Here |
IMPORTANT ANNOUNCEMENT |
Hallo to All Members. As you can see we regularly Upgrade our Servers, (Sorry for any Downtime during this). We also have added more Forums to help you with many things and for you to enjoy. We now need you to help us to keep this site up and running. This site works at a loss every month and we appeal to you to donate what you can. If you would like to help us, then please just send a message to any Member of Staff for info on how to do this,,,, & Thank You for Being Members of this site. |
|
LinkBack | Thread Tools | Display Modes |
03-01-13, 23:25 | #1 | |
Join Date: Feb 2011
Posts: 47,688
Thanks: 27,647
Thanked 14,458 Times in 10,262 Posts
|
Al Jazeera News Buys into US TV-$500 Million
Al-Jazeera Buys Current TV for $500 Million in bid to Expand in US
Acquisition of Al Gore's cable channel gives al-Jazeera chance to establish a presence where it has had only limited reach US Critics Call it "The Terrorist Network" Glenn Beck's offer was Refused as "Unsuitable Candidate" Al-Jazeera has acquired Current TV, which could extend the channel's reach beyond a few large US metropolitan areas. Photograph: Danny Moloshok/AP The Guardian UK, & cjr news, 2 January 2013 Al-Jazeera, the pan-Arab news network that has struggled to win space on US cable television, has acquired Current TV, the channel co-founded by former US vice-president Al Gore. The deal is intended to give al-Jazeera greater penetration into the US market. It will close Current and replace it with a new network, al-Jazeera America. Gore will become a member of the new network's advisory board. Current TV had struggled with viewers but is widely distributed on cable providers and reaches 60 million of the 100 million US households with cable or satellite service. But al-Jazeera America will face hurdles with US distributors and viewers, television industry analysts said. One of its distributors, Time Warner Cable, which accounted for about 12 million of those homes, announced late on Wednesday it was terminating its carriage deal with Current. "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," it said in a statement. Gore and business partner Joel Hyatt, who created the channel in 2005, confirmed the sale in a statement on Wednesday. The terms were undisclosed. "Current Media was built based on a few key goals: 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," Gore and Hyatt said. "Al-Jazeera has the same goals and, like Current, believes that facts and truth lead to a better understanding of the world around us." Al-Jazeera's reach in the US has struggled to move beyond the few large metropolitan areas, where some people can watch al-Jazeera English. The network's managing director, Tony Burman, in 2010 blamed a "very aggressive hostility" from the Bush administration for reluctance among cable and satellite companies to show the network. Al-Jazeera has attracted respect for its ability to build a serious news product in a short time. But there may be a culture clash at the network. Dave Marash, a former ABC Nightline reporter who worked for al-Jazeera in Washington, said he left the network in 2008 in part because he sensed an anti-US bias there. (Not entirely correct, he was asked to step down as an anchor) Quote:
Gore worked on-air as an analyst during its recent election night coverage. Current is expected to post $114m (£70m) in revenue in 2013, according to research firm SNL Kagan. The firm pegged the network's cash flow at nearly $24m a year. END It may be good for Americans that this has happened. Now they will have an opportunity to watch news about what is really happening in the US and the rest of the world. Al Jazeera also provides some terrific documentaries I have been watching Al Jazeera for years and found it to be a very good international news source, it is even better than BBC World News. It does not just report news from the Middle East, Africa and Asia as claimed by its' US competitors. It already has bases and reporters from all over the world. It also does NOT have ads!!! LOL. But that might change when it expands more in the US, with their new Current TV. I have a feeling Al Jazeera will face some more obstacles from its' US competitors..... It certainly does not appear as a Terrorist Network, as claimed....we will see... Let the war begin.... this should be very interesting... .
__________________
PUTIN TRUMP & Netanyahu Will Meet in HELL ..................SHARKS are Closing in on TRUMP.......................... TRUMP WARNS; 'There'll Be a Bloodbath If I Don't Get Elected'..MAGA - MyAssGotArrested...IT's COMING PLEASE HELP THIS SITE..Click DONATE & Thanks to ALL Members of ... 1.. THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES |
|
The Following User Says Thank You to Ladybbird For This Useful Post: | FreaknDavid (04-01-13) |
03-01-13, 23:48 | #2 | ||
Join Date: Feb 2011
Posts: 47,688
Thanks: 27,647
Thanked 14,458 Times in 10,262 Posts
|
Re: Al Jazeera News Buys into US TV-$500 Million
Glenn Beck tried to buy Current TV but was 'rejected' Theatlanticwire, 6 hrs ago Every once in a while a tweet appears that's so silly, it must be a joke. Like this one from Glenn Beck: Quote:
The Wall Street Journal caught the detail in its coverage: Quote:
And furthermore, who knows if Beck and company even had the money to throw down. Current TV's reported sale price of $500 million, minus a $100 million for Al Gore who owned 20 percent of the network, is well north of what AOL paid for The Huffington Post nearly two years ago. In other words, that's a lot money to pay for a fledgling independent media company. It probably wouldn't have worked out anyways. Current TV didn't have the viewership that, say, MSNBC enjoys, but it does reach 40 million homes. We're pretty sure that the 22,000 that tune in during primetime aren't looking for "The News according to Glenn Beck".
__________________
PUTIN TRUMP & Netanyahu Will Meet in HELL ..................SHARKS are Closing in on TRUMP.......................... TRUMP WARNS; 'There'll Be a Bloodbath If I Don't Get Elected'..MAGA - MyAssGotArrested...IT's COMING PLEASE HELP THIS SITE..Click DONATE & Thanks to ALL Members of ... 1.. THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES |
||
The Following User Says Thank You to Ladybbird For This Useful Post: | FreaknDavid (04-01-13) |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
Display Modes | |
|
|