The Cable news channel , Al Jazeera America,announced Wednesday that it will be shutting down on April 30th. After almost 2 1/2 years and 3 years after the big announcement that they were buying Current TV from Al Gore.
The reasoning per Al Jazeera America's website:
Al Jazeera America will shutter its cable TV and digital operations by April 30 of this year, the company announced Wednesday. The decision by the AJAM board was “driven by the fact that our business model is simply not sustainable in light of the economic challenges in the U.S. media marketplace,” said AJAM CEO Al Anstey.
The Network attracted alot of journalists to join it such as John Seigenthaler (former NBC News anchor) , Ali Velshi (former CNN) , and others , but it's ratings were never as strong as it's competitors. It also had problems with carriers at the very start and recently a controversy over a report about sports players alleged doping, which they defended as accurate. The Company says they will expand digital operations in the U.S . It is unknown what happens to the channel space: if it is removed all together, sold One America News seems to want it , or Al Jazerra English takes it's place.
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