Al-Jazeera Buys Current TV
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Al-Jazeera has reached a deal to acquire Current TV, the companies confirmed Wednesday night. Current TV’s existing name and content will give way to Al Jazeera branding and programming after a transition period this year, Al Jazeera said in a statement.
Terms of the deal were not disclosed.
“We are proud and pleased that Al-Jazeera, the award-winning international news organization, has bought Current TV,” said Al Gore, co-founder and chairman, and Joel Hyatt, co-founder and CEO, in a joint statement. “Since its founding in 2005, Current has grown into a national network available in nearly 60 million homes, offering thought-provoking commentary and Emmy and Peabody award-winning programming. 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. Al-Jazeera has the same goals and, like Current, believes that facts and truth lead to a better understanding of the world around us.”
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