25 January 2013
Time Warner Cable pulled the plug on Nobel Prize winner Al Gore’s Current TV just hours after news of the cable channel’s sale to Al-Jazeera became official. After the Arab, English and Balkan channels, Al-Jazeera, which is also preparing to launch a Turkish-language channel, took a major leap into the US cable market on 2 January 2012, acquiring Current TV and announcing plans for a US based news network to be called Al-Jazeera America. Terms were undisclosed, but analysts told the deal could be worth an estimated 500 million dollars. The new channel will be headquartered in New York, but in addition to this existing bureau, others will be opened in Los Angeles, Miami and Chicago.