Al Jazeera Media Network announced Wednesday that it is acquiring the US channel Current TV, which was founded by former US Vice President Al Gore. The acquisition will be followed by the creation of a new channel, Al Jazeera America, which will give the network greater access to the US market.
Time Warner Cable Drops Current TV Upon Sale To Al Jazeera
Joel Hyatt, who co-founded Current TV with former Vice President Al Gore, told staff in a Wednesday night memo that Time Warner Cable “did not consent to the sale to Al Jazeera.”
“Consequently, Current will no longer be carried on TWC,” Hyatt wrote. “This is unfortunate, but I am confident that Al Jazeera America will earn significant additional carriage in the months and years ahead.”
A Time Warner Cable spokesman said in a statement that “our agreement with Current will be terminated and we will no longer be carrying the channel.”
Some media observers interpreted the move as motivated by politics.
Al Jazeera Buys Current TV