Al Jazeera acquires U.S. cable channel Current TV January 3, 2013 - 10:35 AMT PanARMENIAN.Net - Al Jazeera Media Network has announced that it has acquired U.S. cable channel Current TV, according to aljazeera.com. The Qatar-based network said on Thursday, Jan 3, that with the acquisition it plans to create Al Jazeera America, a U.S.-based news channel. Al Jazeera’s coverage will soon be available in more than 40 million U.S. households, up from 4.7 million prior to the deal. Terms were undisclosed, but analysts told Reuters the deal could be worth an estimated $500 million. The new channel will be headquartered in New York City. In addition to the existing Al Jazeera news bureaus in New York, Washington, DC, Los Angeles, Miami and Chicago, Al Jazeera will open additional bureaus in key locations across the United States. It will also double its U.S.-based staff to more than 300 employees. The new channel is scheduled to begin broadcasting in 2013. Current Television was set up seven years ago by former U.S. vice president Al Gore. Although Current TV has been struggling for ratings, it nonetheless says it reaches 60 million American households.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old  In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched.CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha.Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. |
