Al-Jazeera buys Current TV from Al Gore
The Associated Press
Posted: Jan 2, 2013 7:50 PM ET
Last Updated: Jan 2, 2013 8:54 PM ET
Al-Jazeera has acquired Current TV, former U.S. vice-president and Current TV co-founder Al Gore has announced. (Mario Anzuoni/Reuters)
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Al-Jazeera, the Pan-Arab news channel that has struggled to win space on American cable television, has acquired Current TV, Al Gore confirmed Wednesday.
Gore and his partner Joel Hyatt announced the sale in a statement.
"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."
The acquisition could extend Al-Jazeera's reach beyond a few large U.S. metropolitan areas, where some people can watch Al-Jazeera English.
Current Media, founded in 2005 by Gore and Hyatt, is available through cable and satellite in 71 million households across the world, according to the company's website. Sixty million of those households are in the United States.
With files from CBC News
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