Al Jazerra buys Current TV
Although it got bad press when it recently put down over $300 million to buy the progressive Current TV from former VP Al Gore, the deal helped Al Jazeera expand its viewers to 40 million in the American market.
It’s an award-winning broadcast news known for coverage of global events from Arabe Spring to Al Qaeda and controversial messages from Osama Bin Laden a decade ago.
Al Jazeera has a respectable worldwide audience based in Qatar funded through its emir.
There was some bad media attention when Time Warner dropped Current TV after Al Jazeera sealed the deal, but it’s not final.
Al Gore founded CurrentTV in 2005.