News Briefs

  Tevet 21, 5773 , 03/01/13

Al-Jazeera Acquires Gore's Current TV

Al-Jazeera has acquired Current TV, a struggling cable channel that will give the Qatar-based broadcaster the access to millions of U.S. homes it has long sought, AFP reports.

Terms of the deal for Current, which was founded by U.S. former vice president Al Gore, were not immediately disclosed, but Forbes reported that a possible value of $400 million could net the former politician a tidy $100 million.

The acquisition should also give Al-Jazeera vastly broader visibility in U.S. homes because although Current has been struggling of late it nonetheless is available in 60 million American households, according to its own figures.

Other archived news briefs:Jan 03 2013, 07:00 AM, 1/3/2013