Al-Jazeera pays $500M for Current TV
LOS ANGELES (AP) — With its $500 million purchase of left-leaning Current TV, the Pan-Arab news channel Al-Jazeera will soon be seen in tens of millions of U.S. homes. It's a steep price, but the acquisition helps the network in its aim to quickly spread its message to more Americans.
The purchase will create a news channel called Al-Jazeera America, coming to American homes 90 days from now with a distinctly non-American view of the world. The network claims many people in the U.S. have sought its programming online, and that it aims to present an "unbiased" view, "representing as many different viewpoints as possible."
The deal already had its first casualty.
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